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 to sell laundry brands in Australia & New Zealand to Henkel Henkel AG & Co. KGaA has signed an agreement with Colgate-Palmolive Company to acquire its entire range of laundry detergents and pre-wash brands in Australia and New Zealand. In total, the brands to be acquired generated sales of about EUR110M in FY14. The purchase price amounts to EUR220M and will be financed in cash. The transaction will be accretive to earnings upon closing. The closing of the transaction is still subject to regulatory approvals and expected to take place in 3Q15.