LONDON, UK / ACCESSWIRE / July 16, 2018 / Active-Investors has a free review on Colgate-Palmolive Co. (NYSE: CL) following the Company's announcement that it will begin trading ex-dividend on July 17, 2018. 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 July 16, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on CL:

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Dividend Declared

On June 19, 2018, Colgate-Palmolive's Board of Directors declared a quarterly cash dividend of $0.42 per common share, payable on August 15, 2018, to shareholders of record on July 18, 2018.

Colgate-Palmolive's indicated dividend represents a yield of 2.58%, which is substantially higher than the average dividend yield of 1.73% for the Consumer Goods sector. The Company has paid uninterrupted dividends on its common stock since 1895.

Dividend Insights

Colgate-Palmolive has a dividend payout ratio of 53.8%, which denotes that the Company spends approximately $0.54 for dividend distribution out of 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.

As per analysts' estimates, Colgate-Palmolive is forecasted to report earnings of 3.36 per share for the next year, which is double the Company's annualized dividend payout of $1.68 per share.

As of March 31, 2018, Colgate-Palmolive's cash and cash equivalents totaled $851 million compared to $1.34 billion as on March 31, 2017. The Company's net cash provided by operations for the first three months of fiscal 2018 decreased to $616 million compared to $691 million in the comparable 2017 period, primarily due to higher levels of working capital. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for Colgate-Palmolive

On July 11, 2018, Colgate-Palmolive announced that Noel R. Wallace has been promoted to President and Chief Operating Officer, responsible for all the Company's operating units. Mr. Wallace, who joined Colgate in 1987, has an accomplished record leading the Company's business units, including its North America and Latin America divisions and its Mexico subsidiary. The Company also announced that P. Justin Skala has been appointed Executive Vice President, Chief Growth & Strategy Officer, leading all the Company's commercial growth functions. After joining the Company in 1982, he held a series of increasingly senior leadership positions before successfully leading Colgate's Asia, Latin America and North America divisions. He was most recently Chief Operating Officer - North America, Europe, Africa/Eurasia, and Global Sustainability.

Colgate-Palmolive noted that both executives will report to Ian Cook who remains Chairman and Chief Executive Officer.

About Colgate-Palmolive Co.

Colgate-Palmolive is a leading global consumer products company, tightly 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, Speed Stick, Lady Speed Stick, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, elmex, Tom's of Maine, Sanex, Ajax, Axion, Fabuloso, Soupline and Suavitel as well as Hill's Science Diet and Hill's Prescription Diet.

Stock Performance Snapshot

July 13, 2018 - At Friday's closing bell, Colgate-Palmolive's stock marginally advanced 0.89%, ending the trading session at $65.75.

Volume traded for the day: 2.68 million shares.

Stock performance in the last month ? up 4.27%

After last Friday's close, Colgate-Palmolive's market cap was at $57.56 billion.

Price to Earnings (P/E) ratio was at 24.62.

The stock has a dividend yield of 2.56%.

The stock is part of the Consumer Goods sector, categorized under the Personal Products industry. This sector was up 0.3% at the end of the session.

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