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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Colgate-Palmolive Company (NYSE: CL) is tomorrow, October 19, 2012. Owners of shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $110.24 as of 11 a.m. ET, the dividend yield is 2.3%.

The average volume for Colgate-Palmolive has been 1.8 million shares per day over the past 30 days. Colgate-Palmolive has a market cap of $51.49 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 19.7% 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 21.5, 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, notable return on equity, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Colgate-Palmolive Ratings Report.

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