Colgate-Palmolive Company (NYSE:CL) is included among the 12 Best Dividend Aristocrat Stocks to Invest in Right Now.
Colgate-Palmolive Company is a manufacturer and marketer of consumer products that is divided into the Oral, Personal and Home Care, and Pet Nutrition segments. The company is the dominant player in Oral Care, holding a 40.9% share of the global toothpaste market and a 31.9% share of the manual toothbrush market this year.
It operates in more than 200 countries, and the company’s products have an excellent reach across the world. Colgate-Palmolive Company has been stressing its pledges to sustainability while continuing to develop as a leader in several product categories. A fundamental part of its approach is sustainability, with initiatives including recyclable toothpaste tubes and clearly-defined environmental goals.
Colgate-Palmolive Company announced a quarterly dividend of $0.52 per share on 12 September. The company has increased its dividends for 62 years, making it one of the best dividend aristocrat stocks. The stock has a dividend yield of 2.62%, as of September 26.
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