Colgate-Palmolive Approves 2-for-1 Stock Split

Colgate-Palmolive Approves 2-for-1 Stock Split

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Colgate plans stock split, hikes dividend

Colgate-Palmolive Co. (CL), the third- largest U.S. household-products maker, approved a two-for-one stock split and boosted its dividend 9.7 percent as it works to keep the shares affordable and return cash to investors. The record date for the split is April 23, and the shares will be distributed on May 15, the New York-based company said today in a statement. The quarterly dividend will rise to 68 cents per share on a pre-split basis from 62 cents.

Comment: My kind of stock. Others: UL, PG, KMB