Colgate-Palmolive Increases Dividend 10 Percent

While many companies are cutting dividends, Colgate-Palmolive (CL) continues its multiyear record of increasing its dividend. On February 26, 2009, CL announced a quarterly dividend increase to 44 cents from 40 cents. The new dividend will be paid on May 15, 2009 to shareholders of record as of April 24, 2009.

Ian Cook, Colgate's Chairman, President and CEO, stated: "This dividend increase demonstrates the Board's confidence in the continued strong and profitable growth of Colgate's global business, our cash generation capabilities, and our firm commitment to building value."

CL is an excellent candidate for a dividend-income or dividend-reinvestment portfolio.

To get more performance information about CL, use the buyupside.com Stock Return Calculator. Enter CL as the stock symbol on the calculator input form.

See the buyupside.com Dividend Chart Maker to view more dividends charts for CL and other dividend-paying stocks.

Related Articles:

Daily Dividend-Paying Portfolio Updates On buyupside.com
Dividend Reinvestment Calculator - See How Much Returns Increase With Dividend Reinvestment
Dividend Reinvestment Portfolio
Dividend-Paying Stocks Create Wealth
Why Dividends Matter

Posted March 1, 2009.