logo
  

Colgate-Palmolive Authorizes $5 Bln Buyback, Declares Quarterly Dividend

Colgate-Palmolive Company (CL) Thursday announced an increase in its quarterly dividend and also authorized share buyback of up to $5 billion.

The company declared a quarterly dividend of $0.47 per share, an increase of $0.02, payable on May 13, 2022 to shareholders of record on April 21, 2022.

The Board also authorized the repurchase of shares of up to $5 billion under a new share repurchase program, which replaced the company's previous $5 billion share repurchase program authorized in 2018.

As of January 31, 2022, the Company had approximately 840 million shares of common stock outstanding.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The US Centers for Disease Control and Prevention or CDC has ended recommendations for social distancing and quarantine with a view to minimize covid-19's impact on persons, communities, and health care systems. The agency also ended recommendation for test-to-stay in schools, CNN noted. Healthcare major Johnson & Johnson, which is in the middle of a talcum powder fiasco, said it is discontinuing talc-based JOHNSON'S Baby Powder globally in 2023. The company plans to transition to an all cornstarch-based baby powder portfolio. According to the company, the commercial decision to use cornstarch in all its baby powder products was made after conducting an assessment of its portfolio Walt Disney's streaming service Disney+ is rolling out its much-anticipated new ad-supported subscription plan for Disney+ in the U.S. as part of its bid to stem the loss and make its streaming business profitable after the services posted a hefty operating loss of more than $1 billion in the third quarter. It is also raising pricing for its bundled subscription plans with Hulu, ESPN+ and live TV.
Follow RTT