Colgate-Palmolive (CL) Declares $0.38 Quarterly Dividend; Approves Amendments to By-Laws

Colgate-Palmolive (NYSE: CL) declared a quarterly dividend of $0.38 per share, or $1.52 annualized.

The dividend will be payable on February 16, 2016, to stockholders of record on January 25, 2016, with an ex-dividend date of January 21, 2016.

The annual yield on the dividend is 2.4 percent.

Separately, the Company also announced today that its Board of Directors has approved amendments to the Company’s By-laws to, among other things, provide eligible shareholders with new “proxy access” rights for nominating director candidates. Under the amendments, a shareholder, or a group of up to 20 shareholders, owning at least three percent of the Company’s outstanding common stock continuously for at least three years may submit director nominees for up to the greater of two directors or 20 percent of the Board, subject to the terms and conditions specified in the By-laws.

For a dividend history and other dividend-related data on Colgate-Palmolive (CL) click here.

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