Retirement Dividend Stocks to Watch: The Case for Colgate-Palmolive Company (CL)

Colgate-Palmolive Company (NYSE:CL) is included among the 10 Best Dividend Stocks to Buy for Retirement.

Retirement Dividend Stocks to Watch: The Case for Colgate-Palmolive Company (CL)

An array of toothpaste, toothbrushes, and mouthwashes on a bright background, highlighting the company’s oral care products.

Colgate-Palmolive Company (NYSE:CL) is a major player in the global household and personal care industry. The company holds a dominant position in the Oral Care segment. As of the current year, it commands a 40.9% share of the global toothpaste market and 31.9% in manual toothbrushes. Its products are available in more than 200 countries, reinforcing its widespread presence. Recently, the company has placed greater emphasis on sustainability efforts while continuing to strengthen its leadership across different product categories.

Colgate-Palmolive Company (NYSE:CL) holds one of the strongest dividend histories in the market. The company has paid uninterrupted dividends to shareholders since 1895 and has raised its payouts for 62 years in a row. It currently offers a quarterly dividend of $0.52 per share for a dividend yield of 2.42%, as of July 30. It is among the best dividend stocks to invest in for retirement.

While we acknowledge the potential of CL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.