Conservative · Stocks to Consider and Updates

Colgate to Buy Back Shares

The Board of Directors of household, personal care and oral health products company Colgate-Palmolive (NYSE: CL – $63.52) authorized the repurchase of shares of the company’s common stock having an aggregate purchase price of up to $5 billion under a new share repurchase program, which replaced the company’s previous $5 billion repurchase program authorized in 2015. Maintaining its quarterly dividend of $0.42 per share and the new share repurchase program reflect a continuation of the company’s long history of consistently returning cash to shareholders. I remain cautiously optimistic about Colgate’s long-term business prospects. Leadership’s focus on innovation augurs well for the year ahead and the company is well positioned in emerging regions.

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