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

NEW YORK ( TheStreet) -- The ex-dividend date for Colgate-Palmolive Company (NYSE: CL) is tomorrow, April 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $98.56 as of 9:35 a.m. ET, the dividend yield is 2.5%.

The average volume for Colgate-Palmolive has been 2.1 million shares per day over the past 30 days. Colgate-Palmolive has a market cap of $46.36 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 6.7% 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 20, above the average consumer non-durables industry P/E ratio of 19.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Colgate-Palmolive as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance and expanding profit margins. 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.

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