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:
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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.
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