Colgate-Palmolive Company (NYSE:CL) Declares Quarterly Dividend of $0.52

Colgate-Palmolive Company (NYSE:CL) declared a quarterly dividend on Wednesday, December 10th. Shareholders of record on Wednesday, January 21st will be paid a dividend of 0.52 per share on Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Wednesday, January 21st.

Colgate-Palmolive has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 63 consecutive years. Colgate-Palmolive has a dividend payout ratio of 53.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Colgate-Palmolive to earn $4.03 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 51.6%.

Colgate-Palmolive Price Performance

Shares of CL stock traded up $0.63 during trading on Thursday, hitting $78.39. The company had a trading volume of 613,712 shares, compared to its average volume of 5,546,677. The stock’s 50-day moving average is $78.25 and its two-hundred day moving average is $83.73. The stock has a market capitalization of $63.18 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 5.48 and a beta of 0.30. The company has a quick ratio of 0.60, a current ratio of 0.93 and a debt-to-equity ratio of 5.90. Colgate-Palmolive has a 52 week low of $74.54 and a 52 week high of $100.18.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.02. Colgate-Palmolive had a net margin of 14.47% and a return on equity of 333.39%. The firm had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $5.17 billion. During the same quarter last year, the company posted $0.91 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, analysts predict that Colgate-Palmolive will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Company Profile

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items.