Colgate Announces 13% Dividend Hike

Check out Colgate’s (CL) positive outlook, the Board of Directors of Colgate-Palmolive Company today increased the ongoing quarterly common stock cash dividend by 13%. The increase will be effective as of second quarter 2007. The new quarterly rate of $.36 per share is up from $.32. The Board declared that the second quarter dividend is to be paid on May 15, 2007 to shareholders of record as of April 24, 2007. On an annualized basis, the new dividend rate is $1.44 vs. $1.28 per share previously.

Reuben Mark, Colgate Chairman and CEO, said: “This dividend increase demonstrates the Board’s confidence in the continued strong and profitable growth of Colgate’s global business, our cash generation capabilities, and our firm commitment to building value.”
About Colgate-Palmolive

Colgate-Palmolive is a leading global consumer products company, tightly focused on Oral Care, Personal Care, Home Care and Pet Nutrition. Colgate sells its products in over 200 countries and territories around the world under such internationally recognized brand
names as Colgate, Palmolive, Mennen, Softsoap, Irish Spring, Protex,Sorriso, Kolynos, Elmex, Tom’s of Maine, Ajax, Axion, Soupline, and Suavitel, as well as Hill’s Science Diet and Hill’s Prescription Diet pet foods.

Leave a Reply

Your email address will not be published. Required fields are marked *