Colgate-Palmolive Company Declares Quarterly Dividend of $0.39

 

Colgate-Palmolive Company announced a quarterly dividend on Thursday, June 9th. Investors of record on Friday, July 22nd will be given a dividend of 0.39 per share on Monday, August 15th. This represents a $1.56 annualized dividend and a dividend yield of 2.16%.

Shares of Colgate-Palmolive Companytraded up 0.47% during trading on Thursday, hitting $72.34. 1,943,194 shares of the stock were exchanged. Colgate-Palmolive Company has a 12-month low of $50.84 and a 12-month high of $72.72. The company has a market cap of $64.60 billion and a price-to-earnings ratio of 47.72. The firm has a 50 day moving average of $70.97 and a 200-day moving average of $68.10.

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Colgate-Palmolive Company last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. During the same period last year, the company earned $0.66 EPS. The business earned $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, analysts forecast that Colgate-Palmolive Company will post $2.82 earnings per share for the current year.

A number of equities analysts recently commented on CL shares. Sterne Agee CRT cut Colgate-Palmolive Company from a “buy” rating to a “neutral” rating in a report on Friday, February 26th. They noted that the move was a valuation call. Barclays lifted their price objective on shares of Colgate-Palmolive Company from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday, March 21st.Zacks Investment Research raised shares of Colgate-Palmolive Company from a “sell” rating to a “hold” rating in a research note on Wednesday, March 30th. Citigroup Inc. increased their target price on shares of Colgate-Palmolive Company from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, April 14th.Finally, B. Riley reiterated a “neutral” rating and set a $71.00 target price on shares of Colgate-Palmolive Company in a report on Friday, April 29th. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Colgate-Palmolive Company presently has an average rating of “Hold” and an average target price of $72.70.

Colgate-Palmolive Company (Colgate) is a consumer products company, whose products are marketed in more than 200 countries and territories throughout the world. The Company operates in two product segments: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through five geographic segments: North America, Latin America, Europe/South Pacific, Asia and Africa/Eurasia.

Fuente: The Cerbat Gem.


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