Colgate Declares Regular Quarterly Dividend and Announces $5 Billion Share Repurchase Program
June 18 2018 - 4:30PM
Business Wire
The Board of Directors of Colgate-Palmolive Company (NYSE:CL)
today declared a quarterly cash dividend of $0.42 per common share,
payable on August 15, 2018, to shareholders of record on July 18,
2018. The Company has paid uninterrupted dividends on its common
stock since 1895.
The Board of Directors today also authorized the repurchase of
shares of the Company’s common stock having an aggregate purchase
price of up to $5 billion under a new share repurchase program,
which replaced the Company’s previous $5 billion repurchase program
authorized in 2015. Repurchases under the new program will be made
from time to time in open market or privately negotiated
transactions at the Company’s discretion and in accordance with
requirements of the Securities and Exchange Commission (SEC). The
Company will commence the repurchase of shares of the Company’s
common stock under the new program after June 18, 2018. As of March
31, 2018, the Company had approximately 872 million shares of
common stock outstanding.
This dividend and the new share repurchase program reflect a
continuation of the Company’s long history of consistently
returning cash to shareholders.
* * *
About Colgate-Palmolive: Colgate-Palmolive is a leading global
consumer products company, tightly focused on Oral Care, Personal
Care, Home Care and Pet Nutrition. Colgate sells its products in
over 200 countries and territories around the world under such
internationally recognized brand names as 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 and Hill's Prescription Diet. For more
information about Colgate's global business, visit the Company's
website at http://www.colgatepalmolive.com. To learn more about
Colgate’s global oral health education program, Bright Smiles,
Bright Futures™, please visit http://www.colgatebsbf.com. CL-D
Cautionary Statement on Forward-Looking
Statements
This press release contains forward-looking statements (as that
term is defined in the U.S. Private Securities Litigation
Reform Act of 1995 or by the SEC in its rules, regulations and
releases) that set forth anticipated results based on management’s
current plans and assumptions. These statements are made on the
basis of the Company’s views and assumptions as of this time and
the Company undertakes no obligation to update these statements
whether as a result of new information, future events or otherwise,
except as required by law or by the rules and regulations of
the SEC. Moreover, the Company does not nor does any other
person assume responsibility for the accuracy and completeness of
these statements. The Company cautions investors that any such
forward-looking statements are not guarantees of future performance
and that actual events or results may differ materially from those
statements. For more information about factors that could impact
the Company’s business and cause actual results to differ
materially from forward-looking statements, investors should refer
to the Company’s filings with the SEC (including, but not
limited to, the information set forth under the captions “Risk
Factors” and “Cautionary Statement on Forward-Looking Statements”
in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2017 and subsequent Quarterly
Reports on Form 10-Q). Copies of these filings may be obtained upon
request from the Company’s Investor Relations Department or on the
Company's website at http://www.colgatepalmolive.com.
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Colgate-Palmolive CompanyJohn Faucher, 212-310-3653orHope
Spiller, 212-310-2291
Colgate Palmolive (NYSE:CL)
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