Colgate-Palmolive hikes dividend by 4%

Colgate-Palmolive (CL) will raise its quarterly dividend by 4% to $0.52 per share in 2025. This marks 62 consecutive years of increases by the Dividend Aristocrat.

The Board of Directors of Colgate-Palmolive Company increased the quarterly common stock cash dividend to $0.52 up from $0.50 per share. The increase will be effective in the second quarter, 2025. 

The Board declared that the second quarter dividend is to be paid on May 15, 2025 to shareholders of record as of April 17, 2025. On an annual basis, the new dividend rate is $2.08 vs. $2.00 per share previously. The Company has paid uninterrupted dividends on its common stock since 1895.

The dividend yield is 2.3% at a stock price of $90.28.

Colgate-Palmolive Company (Colgate) is a global consumer products company. Colgate operates in two product segments: Oral, Personal and Home Care; and Pet Nutrition. The company's products include toothpaste, toothbrushes, mouthwashes, soap, shower gels, deodorants, dishwashing liquids and pharmaceutical products for dentists and other oral health professionals. The Pet Nutrition segment markets specialty pet nutrition products for dogs and cats. The company’s brands include Colgate, Palmolive, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, elmex, Tom's of Maine, Sanex, Ajax, Axion, Soupline, and Suavitel, as well as Hill's Science Diet, Hill's Prescription Diet and Hill's Ideal Balance. Colgate was founded in 1806 and incorporated under the laws of the State of Delaware in 1923. The company has paid uninterrupted dividends on its common stock since 1895.