Colgate-Palmolive increases quarterly dividend 6% to 36c per share Reflecting the company’s positive outlook, the board of Colgate-Palmolive Company increased the ongoing quarterly common stock cash dividend by 6%. The increase will be effective as of Q2. The new rate of 36c per share is up from 34c. The board declared that the Q2 dividend is to be paid on May 15 to shareholders of record as of April 22. On an annualized basis, the new dividend rate is $1.44 vs. $1.36 per share previously.
Colgate-Palmolive upgraded to Buy from Neutral at Citigroup Citigroup upgraded Colgate-Palmolive to Buy saying the stock's multiple should expand as earnings growth visibility improves. Citi believes Colgate has "best-in-class" growth.
Colgate-Palmolive announces new $5B share repurchase program Colgate-Palmolive said its board authorized a new share repurchase program providing for the repurchase of shares of common stock having an aggregate purchase price of up to $5B. The program replaces the share repurchase program approved by the board in September, 2011. The company currently expects the new program to last three to four years.