- Colgate-Palmolive Company CL declared a quarterly common stock cash dividend of $0.47 per share, an increase from the prior dividend of $0.45. The dividend is payable on May 13, 2022, to shareholders of record on April 21, 2022.
- The Board also authorized up to $5 billion repurchase of the Company's common stock. This replaces Colgate-Palmolive's previous $5 billion share repurchase program authorized in 2018.
- Colgate will commence the repurchase under the new program after March 10, 2022. As of January 31, 2022, Colgate had ~840 million shares of common stock outstanding.
- Price Action: CL shares are trading higher by 1.76% at $75.14 during the post-market session on Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
