Colgate Increases Dividend 21%
February 10 2005 - 12:22PM
PR Newswire (US)
Colgate Increases Dividend 21% Effective 2nd Quarter 2005 NEW YORK,
February 10, 2005 /PRNewswire-FirstCall/ -- Reflecting the
Company's positive outlook discussed in their January 27th
announcement of fourth quarter and full year 2004 results, the
Board of Directors of Colgate- Palmolive Company today, increased
the ongoing quarterly common stock cash dividend by 21%. This
increased dividend was declared by the Board effective as of the
second quarter, 2005. The new rate of $.29 per share is up from
$.24 and the second quarter dividend will be paid on May 13, 2005
to shareholders of record as of April 26, 2005. On an annualized
basis, the new dividend rate is $1.16 vs. $.96 per share
previously. Reuben Mark, Chairman and CEO, said: "The significant
dividend increase demonstrates the Board's confidence in Colgate's
ability to generate strong, profitable growth. We are pleased that
our excellent cash generation worldwide will enable us to maintain
our strong balance sheet while funding a higher dividend and
continuing our previously announced accelerated share repurchase
program." The Company's regular common stock dividend payments have
increased for forty-two consecutive years. *** This press release
(other than historical information) may contain forward-looking
statements. Actual events or results may differ materially from
those statements. Investors should consult the Company's filings
with the Securities and Exchange Commission (including the
information set forth under the caption "Cautionary Statement on
Forward-Looking Statements" in the Company's Form 10-K for the year
ended December 31, 2003) for information about factors that could
cause such differences. Copies of these filings may be obtained
upon request from the Company's Investor Relations Department or
the Company's website at http://www.colgate.com/. About
Colgate-Palmolive: Colgate-Palmolive is a leading global consumer
products company, tightly focused on Oral Care, Personal Care, Home
Care, Fabric Care and Pet Nutrition. Colgate sells its products in
over 200 countries and territories around the world under such
internationally recognized brand names as Colgate, Palmolive,
Mennen, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, Ajax,
Axion, Soupline, Suavitel and Fab, as well as Hill's Science Diet
and Hill's Prescription Diet pet foods. For more information about
Colgate's global business, visit the Company's website at
http://www.colgate.com/. DATASOURCE: Colgate-Palmolive CONTACT:
Bina Thompson, +1-212-310-3072, or Hope Spiller, +1-212-310-2291,
both of Colgate-Palmolive Web site: http://www.colgate.com/
Copyright