LONDON, UK / ACCESSWIRE / October 19, 2017 / Pro-Trader Daily takes a closer look at Colgate-Palmolive Co. (NYSE: CL) as the Company's stock will begin trading ex-dividend on October 20, 2017. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on October 19, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On September 26, 2017, Colgate-Palmolive's Board of Directors declared a quarterly cash dividend of $0.40 per common share, payable on November 15, 2017, to shareholders of record on October 23, 2017.

Colgate-Palmolive's indicated dividend represents a yield of 2.11%, which is substantially higher compared to the average dividend yield of 1.76% for the Consumer Goods sector. The Company has paid uninterrupted dividends on its common stock since 1895 and has raised dividend for consecutive years.

Dividend Insights

Colgate-Palmolive has a dividend payout ratio of 55.4%, which means that the Company distributes approximately $0.55 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Colgate-Palmolive is estimated to report earnings of $3.13 for the next year, which is almost double its annualized dividend of $1.60 per share.

For the six months ended June 30, 2017, Colgate-Palmolive's net cash provided by operations decreased to $1.31 billion compared to $1.32 billion in the comparable 2016 period, primarily due to the timing of income tax payments. Colgate-Palmolive's cash and cash equivalents totaled $1.24 billion as on June 30, 2017, compared to cash of $1.09 billion on June 30, 2016. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Colgate-Palmolive

On October 12, 2017, Colgate-Palmolive announced that it will provide a live webcast of its Q3 2017 earnings conference call on October 27, 2017, at 11:00 a.m. ET. The call will be hosted by Chairman, President, and CEO, Ian Cook, and Senior Vice President - Investor Relations, John Faucher.

About Colgate-Palmolive

Colgate-Palmolive is a leading global consumer products Company, highly focused on Oral Care, Personal Care, Home Care, and Pet Nutrition. Colgate sells its products in over 200 countries and territories around the world under such internationally recognized brand names as Colgate, Palmolive, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, elmex, Tom's of Maine, Sanex, Ajax, Axion, Soupline, and Suavitel, as well as Hill's Science Diet, Hill's Prescription Diet and Hill's Ideal Balance. Colgate-Palmolive was founded in 1806 and is headquartered in New York.

Stock Performance

On Wednesday, October 18, 2017, the stock closed the trading session at $74.44, slightly fell 0.69% from its previous closing price of $74.96. A total volume of 2.68 million shares have exchanged hands. Colgate-Palmolive's stock price advanced 3.26% in the last three months, 1.72% in the past six months, and 3.49% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 13.75%. The stock is trading at a PE ratio of 27.70 and has a dividend yield of 2.15%. At Wednesday's closing price, the stock's net capitalization stands at $65.79 billion.

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