Colgate Announces 7% Dividend Increase to $0.62
Colgate-Palmolive Company (NYSE: CL) today increased the ongoing quarterly common stock cash dividend by 7%. The increase will be effective as of the second quarter, 2012. The new rate of $0.62 per share is up from $0.58.
The Board declared that the second quarter dividend is to be paid on May 15, 2012 to shareholders of record as of April 24, 2012. On an annualized basis, the new dividend rate is $2.48 vs. $2.32 per share previously. The Company has paid uninterrupted dividends on its common stock since 1895.
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