Colgate-Palmolive (CL) Declares $0.48 Dividend
Colgate-Palmolive said on June 8, 2023 that its board of directors declared a regular quarterly dividend of $0.48 per share ($1.92 annualized). Previously, the company paid $0.48 per share.
Shares must be purchased before the ex-div date of July 20, 2023 to qualify for the dividend. Shareholders of record as of July 21, 2023 will receive the payment on August 15, 2023.
At the current share price of $75.85 / share, the stock's dividend yield is 2.53%.
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 0.17 (n=236).
The current dividend yield is 0.69 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 1.00. 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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What is the Fund Sentiment?
There are 2750 funds or institutions reporting positions in Colgate-Palmolive. This is a decrease of 19 owner(s) or 0.69% in the last quarter. Average portfolio weight of all funds dedicated to CL is 0.35%, a decrease of 8.81%. Total shares owned by institutions decreased in the last three months by 1.21% to 726,115K shares. 
The put/call ratio of CL is 0.54, indicating a bullish outlook.
Analyst Price Forecast Suggests 13.37% Upside
As of June 1, 2023, the average one-year price target for Colgate-Palmolive is 85.99. The forecasts range from a low of 67.67 to a high of $100.80. The average price target represents an increase of 13.37% from its latest reported closing price of 75.85.
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The projected annual revenue for Colgate-Palmolive is 18,898MM, an increase of 3.05%. The projected annual non-GAAP EPS is 3.26.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 35,258K shares representing 4.25% ownership of the company. In it's prior filing, the firm reported owning 36,427K shares, representing a decrease of 3.32%. The firm decreased its portfolio allocation in CL by 87.12% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 25,701K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 25,383K shares, representing an increase of 1.24%. The firm decreased its portfolio allocation in CL by 10.83% over the last quarter.
VDIGX - Vanguard Dividend Growth Fund Investor Shares holds 21,242K shares representing 2.56% ownership of the company. In it's prior filing, the firm reported owning 23,372K shares, representing a decrease of 10.03%. The firm decreased its portfolio allocation in CL by 10.30% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 19,489K shares representing 2.35% ownership of the company. In it's prior filing, the firm reported owning 19,308K shares, representing an increase of 0.93%. The firm decreased its portfolio allocation in CL by 10.72% over the last quarter.
Geode Capital Management holds 17,457K shares representing 2.10% ownership of the company. In it's prior filing, the firm reported owning 17,345K shares, representing an increase of 0.64%. The firm decreased its portfolio allocation in CL by 11.26% 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.
Key filings for this company:
This story originally appeared on Fintel.