Colgate (CL)

Colgate recently announced it will increase its quarterly dividend by 20%. The increase will be effective as of the second quarter, 2010. The new rate of $.53 per share is up from $.44. In addition, The Board of Directors also authorized a new share repurchase program. The Company plans to purchase 40 million common shares over the next two years.
Wow, talk about a company that is feeling good about itself! In this environment to raise the dividend 20% and announce a huge stock repurchase program is pretty darn impressive. Then again, the Company has paid uninterrupted dividends on its common stock since 1895. 1895!!

Feb 10 · 1:23:00 PM · Source: Company Press Release
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by Rich Pike