Colgate-Palmolive Company's Board of Directors announced on March 20, 2025, an increase in the quarterly common stock cash dividend to $0.52 per share, up from $0.50 per share. This increase will be effective in the second quarter of 2025, resulting in a new annual dividend rate of $2.08 per share, compared to the previous $2.00 per share.
In addition to the dividend increase, the Board authorized a new share repurchase program, allowing for the repurchase of up to $5 billion of the company's common stock. This new program replaces the previous $5 billion authorization from 2022, with repurchases set to commence after March 20, 2025.
These actions underscore Colgate-Palmolive's long-standing commitment to returning cash to shareholders, having paid uninterrupted dividends on its common stock since 1895. The dividend increase and substantial share repurchase program reflect management's confidence in the company's financial strength and its ability to generate consistent cash flow, with approximately 812 million shares of common stock outstanding as of January 31, 2025.
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