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Colgate-Palmolive Declared Quarterly Dividend of $0.39 Per Share

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Jun. 13 2016, Published 6:44 p.m. ET

Price movement of Colgate-Palmolive

Colgate-Palmolive (CL) rose 0.73% to close at $72.12 per share at the end of the second week of June 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 0.73%, 0.19%, and 9.5%, respectively. This means that CL is trading 1.4% above its 20-day moving average, 1.7% above its 50-day moving average, and 8.4% above its 200-day moving average.

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Related ETF and peers

The iShares Russell 1000 Growth ETF (IWF) invests 0.49% of its holdings in Colgate-Palmolive. IWF tracks an index of US large-cap and mid-cap stocks selected from the Russell 1000 Index with the highest growth characteristics, based on Russell’s style methodology. The YTD price movement of IWF was 1.7% as of June 10, 2016.

The market caps of Colgate-Palmolive’s competitors are as follows:

  • Procter & Gamble (PG): $221.5 billion
  • Clorox (CLX): $17.0 billion
  • Church & Dwight (CHD): $12.8 billion

Colgate-Palmolive declared dividend

Colgate-Palmolive has declared a quarterly cash dividend of $0.39 per share on its common stock. The dividend will be paid on August 15, 2016, to shareholders of record at the close of business on July 22, 2016.

Colgate-Palmolive in fiscal 1Q16

Colgate-Palmolive (CL) reported fiscal 1Q16 net sales of $3.8 billion, a fall of 7.6% from $4.1 billion in fiscal 1Q15. Sales for the Oral, Personal, and Home Care segment in North America increased 1.4%.

Sales for the same segment in Latin America, Europe and the South Pacific, Asia, and Africa and Eurasia fell 22.0%, 7.6%, 2.3%, and 9.1%, respectively. Pet Nutrition sales rose 2.6% in fiscal 1Q16 from fiscal 1Q15. The company’s cost of sales as a percentage of net sales fell by 2.4%. Its operating profit rose by 0.81% in fiscal 1Q16 from 1Q15.

The company’s net income fell to $533.0 million in fiscal 1Q16 from $542.0 million in fiscal 1Q15. It reported earnings per share of $0.59 for fiscal 1Q16 and fiscal 1Q15.

Colgate-Palmolive’s cash and cash equivalents and inventories rose 4.5% and 4.6%, respectively, in fiscal 1Q16 from fiscal 4Q15.

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