Colgate-Palmolive Stock To Go Ex-dividend Tomorrow (CL)

NEW YORK ( TheStreet) -- The ex-dividend date for Colgate-Palmolive Company (NYSE: CL) is tomorrow, October 21, 2011. Owners of shares as of market close today will be eligible for a dividend of 58 cents per share. At a price of $92.29 as of 9:30 a.m. ET, the dividend yield is 2.5%.

The average volume for Colgate-Palmolive has been three million shares per day over the past 30 days. Colgate-Palmolive has a market cap of $44.9 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 14.9% year to date as of the close of trading on Wednesday.

Colgate-Palmolive Company, together with its subsidiaries, manufactures and markets consumer products worldwide. The company has a P/E ratio of 19, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Colgate-Palmolive as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Colgate-Palmolive Ratings Report.

See our dividend calendar or top-yielding stocks list.

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