Conservative · Stocks to Consider and Updates

Colgate-Palmolive Increases Payout

Oral care and household products company Colgate-Palmolive (NYSE: CL – $66.47) declared a quarterly disbursement of $0.43 a share up from $0.42, for an increase of 2.4%. The increase will be effective in the second quarter of 2019. The Board declared that the second quarter dividend is to be paid on May 15, 2019 to shareholders of record as of April 19. On an annualized basis, the new dividend rate is $1.72 versus $1.68 per share and will yield investors 2.6% annually. The Company has paid uninterrupted dividends on its common stock since 1895. Shares of high-quality Colgate-Palmolive can he held in a well-diversified conservative account for decent long-term total returns.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s