NEW YORK--(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.
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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.
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20180618006169/en/
John Faucher, 212-310-3653
Source: Colgate-Palmolive Company
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