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

Colgate-Palmolive Company (NYSE:CL) announced a quarterly dividend on Thursday, June 11th. Shareholders of record on Monday, July 20th will be paid a dividend of 0.53 per share on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, July 20th.

Colgate-Palmolive has increased its dividend payment by an average of 0.0%per year 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. Equities analysts expect Colgate-Palmolive to earn $4.04 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 52.5%.

Colgate-Palmolive Stock Up 0.0%

Shares of CL stock opened at $89.40 on Friday. Colgate-Palmolive has a 12 month low of $74.54 and a 12 month high of $99.33. The firm has a market cap of $71.54 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 4.71 and a beta of 0.33. The stock has a 50 day moving average of $86.85 and a 200-day moving average of $86.25. The company has a quick ratio of 0.67, a current ratio of 1.02 and a debt-to-equity ratio of 16.33.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, May 1st. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 386.76% and a net margin of 10.04%.Colgate-Palmolive’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. On average, equities analysts predict that Colgate-Palmolive will post 3.81 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $99.00 price objective on shares of Colgate-Palmolive in a research note on Monday, May 4th. UBS Group increased their price objective on Colgate-Palmolive from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Royal Bank Of Canada reiterated an “outperform” rating and set a $102.00 price objective on shares of Colgate-Palmolive in a research note on Monday, May 4th. Wall Street Zen lowered Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Finally, Barclays increased their target price on Colgate-Palmolive from $79.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $95.88.

Colgate-Palmolive Company Profile

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.