Colgate-Palmolive (CL) Marks 63 Years of Dividend Increases
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowColgate-Palmolive Company (NYSE: CL) has maintained a record of 63 consecutive years of dividend increases, raising its quarterly dividend to $0.53 per share in 2026, amounting to an annual payout of $2.12. In its latest earnings report, Q2 net sales rose 4.9% year-over-year to $5.36 billion, with organic sales increasing by 2.4%. Base Business earnings per share reached $0.99, up 8% from the previous year. The company's gross margin improved by 140 basis points to 61.5%, indicating stable cash generation. This consistency makes Colgate a relevant consideration for dividend investors.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Colgate-Palmolive Company (CL)
Colgate-Palmolive makes oral-care, personal-care, and household products including Colgate toothpaste.
The Consumer Staples sector covers food, beverage and household-goods companies that tend to hold up in any economy.
Earlier CL news
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- Oil Prices Drop Amid U.S.-Iran Ceasefire, Supplies Surge Expected
- Oil Futures Decline Continues Amid Market Caution
- Oil Prices Fall with Brent at $76.68 Amid U.S.-Iran Developments
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