Colgate Announces its 60th Consecutive Annual Dividend Increase and New $5 Billion Share Repurchase Program
March 10 2022 - 4:35PM
Business Wire
The Board of Directors of Colgate-Palmolive Company (NYSE:CL)
today declared a quarterly common stock cash 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 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 share repurchase
program authorized in 2018. 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 March 10, 2022. As of
January 31, 2022, the Company had approximately 840 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.
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About Colgate-Palmolive
Colgate-Palmolive Company is a caring, innovative growth company
reimagining a healthier future for all people, their pets and our
planet. Focused on Oral Care, Personal Care, Home Care and Pet
Nutrition, we sell our products in more than 200 countries and
territories under brands such as Colgate, Palmolive, elmex, hello,
meridol, Sorriso, Tom's of Maine, EltaMD, Filorga, Irish Spring,
PCA SKIN, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion,
Fabuloso, Soupline and Suavitel, as well as Hill's Science Diet and
Hill's Prescription Diet. We are recognized for our leadership and
innovation in promoting sustainability and community wellbeing,
including our achievements in decreasing plastic waste and
promoting recyclability, saving water, conserving natural resources
and improving children's oral health through the Colgate Bright
Smiles, Bright Futures program, which has reached more than 1.4
billion children since 1991. For more information about Colgate's
global business and how we are building a future to smile about,
visit www.colgatepalmolive.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, 2021 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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John Faucher
212-310-3653 Hope Spiller 212-310-2291
Colgate Palmolive (NYSE:CL)
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