Colgate-Palmolive Raises Dividend 20 Percent

Colgate-Palmolive (CL), a personal products company known for its toothpaste, raised its quarterly dividend from $0.44 per share to $0.53 per share, a 20.45 percent increase. The new dividend is payable May 14, 2010 to shareholders of record as of April 26, 2010.

Colgate-Palmolive has paid uninterrupted dividends since 1895 and increased its dividend to common shareholders every year since 1963. CL is a Dividend Aristocrat, Dividend Achiever and U.S. Dividend Champion. See Dividend History for a table of quarterly dividends back to November 1996.

Its current dividend yield is 2.20 percent.

To get more performance information about CL, use the buyupside.com Stock Return Calculator.

See Great Dividend Stocks (A-Z) for more top dividend-paying stocks.

I (RAH) own CL in my long-term dividend stock portfolio.

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Posted February 5, 2010.