News for Colgate
Feb 10 · 1:23:00 PM · Source: Company Press Release
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!!
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by Rich Pike
Oct 29 · 1:48:00 PM · Source: Company News Release
Colgate reported a profit of $590 million, or $1.12 a share, up from $500 million, or 94 cents a share, a year earlier. The prior-year period included 5 cents a share in restructuring-related charges. Colgate's revenue was flat at $3.99 billion.
Earnings top Street expectations.
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by Larry Etter
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