Colgate-Palmolive Co. Announces Quarterly Dividend of $0.34 (CL)
Colgate-Palmolive (NYSE:CL) declared a quarterly dividend on Thursday, January 9th, AnalystRatings.NET reports. Shareholders of record on Friday, January 24th will be given a dividend of 0.34 per share on Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a yield of 2.14%.
CL has been the subject of a number of recent research reports. Analysts at RBC Capital initiated coverage on shares of Colgate-Palmolive in a research note to investors on Monday, November 25th. They set an “outperform” rating and a $79.00 price target on the stock. On the ratings front, analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of Colgate-Palmolive in a research note to investors on Sunday, November 3rd. They now have a $69.00 price target on the stock. Finally, analysts at Credit Suisse reiterated a “hold” rating on shares of Colgate-Palmolive in a research note to investors on Sunday, November 3rd. They now have a $68.00 price target on the stock. Sixteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $80.10.
Shares of Colgate-Palmolive (NYSE:CL) traded up 0.96% during mid-day trading on Thursday, hitting $64.15. The stock had a trading volume of 1,515,922 shares. Colgate-Palmolive has a 1-year low of $53.025 and a 1-year high of $66.49. The stock has a 50-day moving average of $64.91 and a 200-day moving average of $61.53. The company has a market cap of $59.352 billion and a P/E ratio of 26.42.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.73 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.73. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter last year, the company posted $1.38 earnings per share. Colgate-Palmolive’s revenue was up 1.5% compared to the same quarter last year. On average, analysts predict that Colgate-Palmolive will post $2.83 earnings per share for the current fiscal year.
Colgate-Palmolive Company (NYSE:CL) is a consumer products company whose products are marketed in over 200 countries and territories throughout the world.
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