Colgate-Palmolive Company (CL) to Distribute Quarterly Dividend of $0.53 on August 14th

Colgate-Palmolive Company (NYSE:CL) declared a quarterly dividend on Thursday, June 11th. Investors of record on Monday, July 20th will be paid a dividend of 0.53 per share on Friday, August 14th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, July 20th.

Colgate-Palmolive has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 63 years. Colgate-Palmolive has a payout ratio of 54.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Colgate-Palmolive to earn $4.05 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 52.3%.

Colgate-Palmolive Price Performance

CL opened at $92.84 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.67 and a debt-to-equity ratio of 16.33. The company has a market capitalization of $74.29 billion, a price-to-earnings ratio of 36.12, a PEG ratio of 4.96 and a beta of 0.33. The business’s fifty day simple moving average is $90.46 and its 200-day simple moving average is $88.54. Colgate-Palmolive has a 12-month low of $74.54 and a 12-month high of $99.33.

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

About Colgate-Palmolive

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.