Colgate-Palmolive Raises Dividend By 4.4%, Approves New $5B Share Buyback

  • 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.
Loading...
Loading...
CL Logo
CLColgate-Palmolive Co
$89.45-0.20%

Stock Score Locked: Edge Members Only

Benzinga Rankings give you vital metrics on any stock – anytime.

Unlock Rankings
Edge Rankings
Momentum
42.88
Growth
50.83
Quality
46.23
Value
22.55
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
Ex-Date
ticker
name
Dividend
Yield
Announced
Record
Payable

Posted In:
Comments
Loading...