The FINANCIAL -- The Board of Directors of Colgate-Palmolive Company on March 9 increased the quarterly common stock cash dividend by 3%.
The increase will be effective in the second quarter, 2017. The new rate of $.40 per share is up from $.39 per share. The Board declared that the second quarter dividend is to be paid on May 15, 2017 to shareholders of record as of April 21, 2017. On an annualized basis, the new dividend rate is $1.60 versus $1.56 per share previously. The Company has paid uninterrupted dividends on its common stock since 1895, according to Colgate-Palmolive Company.