Colgate-Palmolive (CL) Declares $0.48 Dividend

Colgate-Palmolive said on March 9, 2023 that its board of directors declared a regular quarterly dividend of $0.48 per share ($1.92 annualized). Previously, the company paid $0.47 per share.

Shares must be purchased before the ex-div date of April 20, 2023 to qualify for the dividend. Shareholders of record as of April 21, 2023 will receive the payment on May 15, 2023.

At the current share price of $71.31 / share, the stock's dividend yield is 2.69%. Looking back five years and taking a sample every week, the average dividend yield has been 2.41%, the lowest has been 2.05%, and the highest has been 2.91%. The standard deviation of yields is 0.18 (n=236).

The current dividend yield is 1.60 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 0.87. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.09%, demonstrating that it has increased its dividend over time.

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Analyst Price Forecast Suggests 14.50% Upside

As of March 11, 2023, the average one-year price target for Colgate-Palmolive is $81.65. The forecasts range from a low of $58.58 to a high of $94.50. The average price target represents an increase of 14.50% from its latest reported closing price of $71.31.

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The projected annual revenue for Colgate-Palmolive is $18,898MM, an increase of 5.18%. The projected annual non-GAAP EPS is $3.26.

What is the Fund Sentiment?

There are 2768 funds or institutions reporting positions in Colgate-Palmolive. This is an increase of 109 owner(s) or 4.10% in the last quarter. Average portfolio weight of all funds dedicated to CL is 0.38%, an increase of 3.03%. Total shares owned by institutions decreased in the last three months by 0.06% to 735,019K shares. The put/call ratio of CL is 1.06, indicating a bearish outlook.

What are Large Shareholders Doing?

Wellington Management Group Llp holds 36,427K shares representing 4.39% ownership of the company. In it's prior filing, the firm reported owning 38,890K shares, representing a decrease of 6.76%. The firm decreased its portfolio allocation in CL by 99.99% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 25,383K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 24,873K shares, representing an increase of 2.01%. The firm increased its portfolio allocation in CL by 5.70% over the last quarter.

VDIGX - Vanguard Dividend Growth Fund Investor Shares holds 23,372K shares representing 2.81% ownership of the company. No change in the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 19,308K shares representing 2.33% ownership of the company. In it's prior filing, the firm reported owning 18,909K shares, representing an increase of 2.07%. The firm increased its portfolio allocation in CL by 5.51% over the last quarter.

Geode Capital Management holds 17,345K shares representing 2.09% ownership of the company. In it's prior filing, the firm reported owning 16,996K shares, representing an increase of 2.01%. The firm increased its portfolio allocation in CL by 5.83% over the last quarter.

Colgate-Palmolive Background Information
(This description is provided by the company.)

About Colgate-Palmolive: Colgate-Palmolive Company is a caring, innovative growth company reimagining a healthier future for all people, their pets and our planet. Focused on Oral Care, Personal Care, Home Care and Pet Nutrition, the Company sells its products in more than 200 countries and territories under brands such as Colgate, Palmolive, elmex, hello, meridol, Sorriso, Tom's of Maine, eltaMD, Filorga, Irish Spring, PCA Skin, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hill's Science Diet and Hill's Prescription Diet. The Company is recognized for its leadership and innovation in promoting environmental sustainability and community well-being, including its achievements in saving water, reducing waste, promoting recyclability and improving children's oral health through its Bright Smiles, Bright Futures program, which has reached more than one billion children since 1991.

This story originally appeared on Fintel.