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- Colgate-Palmolive Company (NYSE:CL) declared a quarterly common stock cash dividend of $0.47 per share, an increase from the prior dividend of $0.45. The dividend is payable on May 13, 2022, to shareholders of record on April 21, 2022.
- The Board also authorized up to $5 billion repurchase of the Company's common stock. This replaces Colgate-Palmolive's previous $5 billion share repurchase program authorized in 2018.
- Colgate will commence the repurchase under the new program after March 10, 2022. As of January 31, 2022, Colgate had ~840 million shares of common stock outstanding.
- Price Action: CL shares are trading higher by 1.76% at $75.14 during the post-market session on Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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