Colgate-Palmolive Boosts Payout, Adds New Director to Board

Colgate-Palmolive Company (NYSE:CL) is included among the Dividend Kings and Aristocrats List: 32 Biggest Stocks.

Colgate-Palmolive Boosts Payout, Adds New Director to Board

On March 11, Colgate-Palmolive Company (NYSE:CL) announced that its Board of Directors approved an increase in the quarterly dividend to $0.53 per share, up from $0.52. The increase will take effect in the second quarter of 2026.  On an annual basis, the payout rises to $2.12 per share from $2.08. Colgate-Palmolive has paid uninterrupted dividends on its common stock since 1895.

In a separate update, the company said Christopher Boerner, Ph.D., has been elected to its Board of Directors, effective March 15, 2026. Boerner serves as Board Chair and Chief Executive Officer of Bristol-Myers Squibb. He has been CEO since November 2023 and Board Chair since April 2024. He brings experience in global leadership and the healthcare sector. He previously served as Executive Vice President and Chief Operating Officer in 2023, and as Executive Vice President and Chief Commercialization Officer from 2018 to 2023. Before that, he led international markets and U.S. commercial markets after joining the company in 2015.

The company also said that Steven A. Cahillane has informed the Board he will not stand for reelection at the Annual Meeting of Stockholders on May 8, 2026. Commenting on the appointment, Noel Wallace said the company was pleased to welcome Chris to the board and expects his experience and capabilities to add meaningful value. He also thanked Steve for his service and contributions and wished him well in his future endeavors.

Colgate-Palmolive Company (NYSE:CL) continues to position itself as a growth-focused business. The company operates across Oral Care, Personal Care, Home Care, and Pet Nutrition.

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