Colgate-Palmolive Company (CL) To Go Ex-Dividend on October 20th

Colgate-Palmolive Company (NYSE:CL) announced a quarterly dividend on Thursday, September 17th. Investors of record on Tuesday, October 20th will be given a dividend of $0.53 per share on Friday, November 13th. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, October 20th.

Colgate-Palmolive has a dividend payout ratio of 54.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Colgate-Palmolive to earn $4.07 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 52.1%.

Colgate-Palmolive Stock Performance

Colgate-Palmolive stock opened at $94.02 on Friday. The company’s 50-day moving average price is $89.05 and its 200-day moving average price is $89.02. The company has a quick ratio of 0.67, a current ratio of 1.03 and a debt-to-equity ratio of 13.82. Colgate-Palmolive has a twelve month low of $74.54 and a twelve month high of $99.33. The company has a market cap of $74.95 billion, a PE ratio of 37.31, a price-to-earnings-growth ratio of 4.50 and a beta of 0.33.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.36 billion. Colgate-Palmolive had a return on equity of 464.63% and a net margin of 9.68%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company earned $0.92 EPS. On average, equities research analysts forecast that Colgate-Palmolive will post 3.87 EPS for the current fiscal year.

About Colgate-Palmolive

Colgate-Palmolive Company (NYSE: CL) is a global consumer products company focused on oral care, personal care, home care and pet nutrition. Its portfolio includes toothpaste, toothbrushes, mouthwash, liquid hand soap, body wash, deodorants, household cleaning products and pet food and treats.

The company markets well-known brands such as Colgate, Palmolive, elmex, meridol, Softsoap, Irish Spring, Ajax, Protex and Hill’s Science Diet. Colgate-Palmolive also provides veterinary and nutritional products through Hill’s Pet Nutrition, which serves pet owners and animal health professionals.

Founded in 1806 by William Colgate, the company developed from a soap and candle business into a diversified consumer goods manufacturer.