Colgate-Palmolive Company (NYSE:CL) Declares Quarterly Dividend of $0.53

Colgate-Palmolive Company (NYSE:CL) announced a quarterly dividend on Thursday, June 11th. Stockholders of record on Monday, July 20th will be paid a dividend of 0.53 per share on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, July 20th.

Colgate-Palmolive has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 63 years. Colgate-Palmolive has a dividend payout ratio of 54.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Colgate-Palmolive to earn $4.04 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 52.5%.

Colgate-Palmolive Price Performance

Shares of NYSE:CL opened at $89.48 on Friday. Colgate-Palmolive has a one year low of $74.54 and a one year high of $99.33. The stock has a fifty day moving average of $86.77 and a 200-day moving average of $86.23. The company has a market capitalization of $71.60 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 4.74 and a beta of 0.33. The company has a debt-to-equity ratio of 16.33, a quick ratio of 0.67 and a current ratio of 1.02.

Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.22 billion. Colgate-Palmolive had a return on equity of 386.76% and a net margin of 10.04%.The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. As a group, equities analysts anticipate that Colgate-Palmolive will post 3.81 EPS for the current fiscal year.

Colgate-Palmolive Company Profile

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company’s core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.