Colgate Announces Dividend Increase From $0.48 To $0.50 Per Share; Effective Q2 Of 2024
Portfolio Pulse from Benzinga Newsdesk
Colgate has announced an increase in its quarterly dividend from $0.48 to $0.50 per share, effective in Q2 of 2024. The dividend will be paid on May 15, 2024, to shareholders of record as of April 22, 2024. This adjustment raises the annualized dividend rate from $1.92 to $2.00 per share.
March 14, 2024 | 8:37 pm
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Colgate announces a dividend increase from $0.48 to $0.50 per share, effective Q2 2024, raising the annualized rate from $1.92 to $2.00.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. For Colgate, this increase in dividend may attract income-focused investors and potentially lead to a short-term uptick in stock price due to perceived financial stability and commitment to returning value to shareholders.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100