It's one of the steadiest dividend payers on the market, and it's continuing to fly level. Colgate-Palmolive has declared a fresh quarterly common stock dividend, which is to be $0.34 per share, paid on August 15 to shareholders of record as of July 23. That amount matches the firm's previous distribution; this was paid in May. Prior to that, Colgate-Palmolive handed out $0.31 per share.
In the brief press release announcing the news, the company did not hesitate to point out that it has been paying uninterrupted common stock distributions since 1895.
The just-declared disbursement annualizes to $1.36 per share. That yields 2.4% at Colgate-Palmolive's most recent closing stock price of $55.87.
The article Colgate-Palmolive Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Colgate-Palmolive. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.