Reflecting the Company's positive outlook, the Board of Directors of
Colgate-Palmolive Company CL today approved a two-for-one split of the
Company's common stock to be effected through a stock dividend and increased
the ongoing quarterly cash dividend by 10%, both effective in second quarter
2013 as described below.
Ian Cook, Colgate's Chairman, President and Chief Executive Officer, said,
“Colgate finished 2012 with excellent growth momentum worldwide, driven by
broad new product success. Today's actions demonstrate our confidence in the
continued strong and profitable growth of Colgate's global business.”
The record date for the two-for-one split is the close of business on April
23, 2013, with share distribution scheduled for May 15, 2013. As a result of
the split, shareholders will receive one additional share of Colgate common
stock, par value $1.00, for each share they hold as of the record date. Total
shares outstanding will increase from approximately 468 million to 936
million.
The higher quarterly dividend of $0.68 per share on a pre-split basis, up from
$0.62, is to be paid May 15, 2013 to shareholders of record as of April 23,
2013. On an annualized basis, the new rate is $2.72 per share (or $1.36 after
giving effect to the split).
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