LONDON, UK / ACCESSWIRE / January 19, 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 January 22, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on January 19, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on CL:
If your portfolio includes dividend stocks, you have come to the right place for timely information. All you need to do is sign up for your free membership at:
On January 12, 2018, Colgate-Palmolive's Board of Directors declared a quarterly cash dividend of $0.40 per common share, payable on February 15, 2018, to shareholders of record on January 23, 2018.
Colgate-Palmolive's indicated dividend represents a yield of 2.12%, which is substantially higher than the average dividend yield of 1.56% for the Consumer Goods sector. The Company has paid uninterrupted dividends on its common stock since 1895.
Colgate-Palmolive has a dividend payout ratio of 55.6%, which denotes that the Company spends approximately $0.56 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 $3.11 per share for the next year, which is substantially above the Company's annualized dividend of $1.60 per share.
As of September 30, 2017, Colgate-Palmolive's cash and cash and equivalents totaled $1.38 billion compared to $1.30 billion as on September 30, 2016. For the nine months ended September 29, 2017, the Company's net cash provided by operating activities totaled $2.30 billion compared to $2.32 billion in the year ago comparable 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 Results
On January 16, 2018, Colgate-Palmolive announced that it will provide a live webcast of its Q4 2017 and year-end earnings conference call on January 26, 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. Colgate-Palmolive 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, Hill's Prescription Diet and Hill's Ideal Balance.
Colgate-Palmolive was founded in 1806 and is headquartered in New York, New York.
Stock Performance Snapshot
January 18, 2018 - At Thursday's closing bell, Colgate-Palmolive's stock slightly declined 0.07%, ending the trading session at $76.63.
Volume traded for the day: 4.04 million shares, which was above the 3-month average volume of 3.36 million shares.
Stock performance in the last month – up 3.48%; previous three-month period – up 2.23%; past twelve-month period – up 12.92%; and year-to-date – up 1.56%
After yesterday's close, Colgate-Palmolive's market cap was at $67.21 billion.
Price to Earnings (P/E) ratio was at 29.58.
The stock has a dividend yield of 2.09%.
The stock is part of the Consumer Goods sector, categorized under the Personal Products industry.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.