Own Colgate-Palmolive By Oct. 20 to Qualify for Its Nov. 13 Dividend. Here's How Many Shares You'd Need for $1,000 in Yearly Dividends.
Key PointsColgate-Palmolive has paid a dividend since 1895 and has 63 years of consecutive dividend growth.
Colgate-Palmolive (CL) has been paying a consistent quarterly dividend since 1895 and boasts an impressive 63 years of consecutive annual dividend increases, earning it the title of a Dividend King. To qualify for the upcoming dividend payment on Nov. 13 and generate $1,000 in yearly dividends, investors need to purchase approximately 472 shares of Colgate-Palmolive.
At the current share price of $91.61, this investment would amount to around $43,240. Despite not being as high-yielding as some other dividend stocks, the appeal of investing in a company with decades-long dividend growth record cannot be overlooked. Companies like Colgate-Palmolive demonstrate their financial strength by successfully raising payouts over the years, weathering economic downturns and crises.
With an average annual dividend growth rate of approximately 3.2% over the past decade, the modest dividend increases have the potential to significantly contribute to overall returns. While past performance does not guarantee future results, the strong likelihood of Colgate-Palmolive delivering steady total returns over time makes it an attractive investment option.
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