How To Put $100 In Your Retirement Fund Each Month With Colgate-Palmolive Stock

Colgate-Palmolive Company CL manufactures and sells consumer products in the United States and internationally.

It will report its Q4 2024 earnings on Jan. 31, 2025. Wall Street analysts expect the company to post an EPS of $0.90, up from $0.87 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $5.05 billion, up from $4.95 billion in the year-ago period.

The 52-week range of Colgate-Palmolive stock price was $75.50 to $109.30.

Colgate-Palmolive’s dividend yield is 2.14%. During the last 12 months, it paid $2 per share in dividends.

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The Latest On Colgate-Palmolive

On Oct. 25, the company announced its Q3 2024 earnings, posting an adjusted earnings per share of $0.91, beating the street view of $0.89, as reported by Benzinga. Quarterly sales of $5.033 billion (+2.4%) beat the street view of $5.003 billion, driven by a "healthy" balance of volume growth and higher pricing.

Colgate said in a press release that the company has achieved gross margin expansion for the sixth consecutive quarter while also seeing increased operating profit, net income and earnings per share.

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Colgate anticipates net sales growth of 3% to 5% for 2024, up from the previous forecast of 2% to 5% and organic sales growth of 7% to 8%, an increase from the earlier range of 6% to 8%. On a non-GAAP (Base Business) basis, the company continues to anticipate gross profit margin expansion and increased advertising investment and it now expects earnings per share growth of 10% to 11%, up from the previous range of 8%.

Check out this article by Benzinga for seven analysts' insights on Colgate-Palmolive.

How Can You Earn $100 Per Month As A Colgate-Palmolive Investor?

If you want to make $100 per month – $1,200 annually – from Colgate-Palmolive dividends, your investment value needs to be approximately $56,075, which is around 600 shares at $93.44 each. 

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Understanding the dividend yield calculations: When making an estimate, you need two key variables – the desired annual income ($1,200) and the dividend yield (2.14% in this case). So, $1,200 / 0.0214 = $56,075 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis.

For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Colgate-Palmolive stock an attractive option for making a steady income of $100 per month by owning 600 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. Colgate-Palmolive has raised its dividend consecutively for the last 62 years. 

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