LONDON, UK / ACCESSWIRE / April 18, 2018 / Active-Investors has a free review on Colgate-Palmolive Co. (NYSE: CL) following the Company's announcement that it will begin trading ex-dividend on April 19, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on April 18, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on CL:
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Dividend Declared
On March 07, 2018, Colgate-Palmolive's Board of Directors increased the quarterly common stock cash dividend by 5%. The increase will be effective in the second quarter of 2018. The new rate of $0.42 per share is up from $0.40 per share. The Board declared that the second quarter dividend is to be paid on May 15, 2018, to shareholders of record as of April 20, 2018.
Colgate-Palmolive's indicated dividend represents a yield of 2.35%, which is substantially higher than the average dividend yield of 1.85% for the Consumer Goods sector. The Company has paid uninterrupted dividends on its common stock since 1895.
Dividend Insight
Colgate-Palmolive has a dividend payout ratio of 52.8%, which means that the Company spends approximately $0.53 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Colgate-Palmolive is forecasted to report earnings of $3.43 for the next year, which is more than double compared to the Company's annualized dividend of $1.68 per share.
As of December 31, 2017, Colgate-Palmolive's cash and cash equivalents totaled $1.54 billion compared to $1.32 billion as on December 31, 2016. For the year ended December 31, 2017, the Company's net cash provided by operations was $3.05 billion compared to $3.14 billion for the year ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Upcoming Earnings for Colgate-Palmolive
On April 13, 2018, Colgate-Palmolive announced that it will provide a live webcast of its Q1 2018 earnings conference call on April 27, 2018, at 11:00 a.m. ET. The call will be hosted by Chairman, President, and CEO, Ian Cook, and Senior Vice President - Investor Relations, John Faucher.
About Colgate-Palmolive Co.
Colgate-Palmolive is a leading global consumer products company, tightly focused on Oral Care, Personal Care, Home Care, and Pet Nutrition. The Company sells its products in over 200 countries and territories around the world under internationally recognized brand names such as Colgate, Palmolive, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, elmex, Tom's of Maine, Sanex, Ajax, Axion, Soupline, and Suavitel as well as Hill's Science Diet and Hill's Prescription Diet.
Stock Performance Snapshot
April 17, 2018 - At Tuesday's closing bell, Colgate-Palmolive's stock slightly fell 0.29%, ending the trading session at $72.23.
Volume traded for the day: 3.30 million shares.
Stock performance in the last month - up 3.75%
After yesterday's close, Colgate-Palmolive's market cap was at $63.43 billion.
Price to Earnings (P/E) ratio was at 27.89.
The stock has a dividend yield of 2.33%.
The stock is part of the Consumer Goods sector, categorized under the Personal Products industry. This sector was up 0.5% at the end of the session.
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