NEW YORK--(BUSINESS WIRE)--The Board of Directors of Colgate-Palmolive Company (NYSE:CL) today increased the quarterly common stock cash dividend to $0.50 per share, up from $0.48 per share. The increase will be effective in the second quarter, 2024. The Board declared that the second quarter dividend is to be paid on May 15, 2024 to shareholders of record as of April 22, 2024. On an annualized basis, the new dividend rate is $2.00 versus $1.92 per share previously. The Company has paid uninterrupted divide ...

Summary of Colgate-Palmolive Company Conference Call Company Overview - **Company**: Colgate-Palmolive Company (NYSE:CL) - **Participants**: - John Hazlin - President, Hill's Pet Nutrition - Stan Sutula - Chief Financial Officer - Peter Grom - UBS Analyst Key Industry Insights - **Industry**: Pet Nutrition - **Growth Dynamics**: - Colgate has seen stronger organic revenue growth due to strategic initiatives, particularly in the Hill's division, which has experienced multiple years of double-digit organic sales growth [2][4][10] - The pet nutrition market has moderated post-COVID, with inflation impacting consumer buying behavior [15][16] Core Business Strategies - **Science-Driven Innovation**: - Hill's focuses on science-driven nutrition that leads to optimal health outcomes for pets, supported by veterinary endorsements [5][6] - Investment in media and advertising has increased brand awareness and household penetration [7][13] - **E-commerce Growth**: - E-commerce has become a significant growth channel for Hill's, which was previously underutilized [6] - **Advertising and Innovation**: - Increased investment in advertising has been crucial for driving growth, even during challenging times [10][11] - Continuous innovation in product offerings, such as the Derm Complete diet, has been a key focus [8] Market Challenges and Opportunities - **Market Slowdown**: - Post-COVID dynamics have led to softened volumes in the U.S. pet market, influenced by inflation and changes in pet adoption rates [15][16] - **Long-Term Growth Potential**: - Despite short-term challenges, the long-term outlook remains positive due to trends like the humanization of pets and premiumization of pet food [16][17] - Opportunities exist in under-indexed areas such as small dogs and cats, as well as therapeutic nutrition [21][22][31] Financial Performance and Projections - **Organic Growth Expectations**: - Hill's is expected to grow ahead of the company's long-term algorithm of 3% to 5%, with significant headroom for penetration in the U.S. market [30][32] - **Margin Compression**: - Hill's has faced margin compression due to raw material inflation, but pricing strategies and operational efficiencies are being implemented to recover margins [34][41] Capital Allocation and Strategic Investments - **Investment Focus**: - Colgate is committed to investing in capacity, R&D, and advertising to support long-term growth [24][61] - Recent acquisitions and new facilities are aimed at enhancing production capabilities and market reach [50][52] - **International Opportunities**: - International markets present significant growth potential, with low brand awareness and penetration in many regions [26][28] Conclusion - **Overall Outlook**: - Colgate-Palmolive's strategic focus on science-driven innovation, increased advertising, and capacity expansion positions Hill's for continued growth despite current market challenges [56][59] - **Commitment to Long-Term Growth**: - The company remains dedicated to leveraging its strengths in the pet nutrition market while navigating short-term challenges effectively [74][76]

IRVINE, Calif., March 12, 2024 /PRNewswire/ -- ZO® Skin Health, a premium clinical dermatological skincare brand distributed globally through physicians and skincare professionals, today announced the appointment of Justin Skala as Chief Executive Officer. Mr. Skala brings more than 35 years of leadership experience growing high efficacy products through the professional channel, including driving the expansion of the personal care category over his tenure at Colgate-Palmolive, Inc. (NYSE: CL). He succeeds ...

With its expected announcement in March, Colgate-Palmolive will begin its 7th decade of dividend growth. Justin SullivanThis is the latest in my series of articles where I provide predictions of annual dividend increases for long-term dividend growth companies. In the middle of February, I provided predictions for 10 dividend growth companies that have historically announced annual payout increases in the second half of February. In this article, I’ll look at another 10 dividend growth companies that I ex ...

When investors try to project their investment horizons, a long-term deal may only be up to five years; anything longer than that becomes wishful thinking to expect to know what could happen in such a broad period. Today, you will learn why there are hacks to figure out the best investments to hold in the next decade that are poised to keep rising and give you dependable dividend income growth. Today, you will focus on the three areas indispensable to the everyday consumer, sectors, and businesses that are ...

NEW YORK--(BUSINESS WIRE)--Colgate-Palmolive (NYSE:CL) President, Hill’s Pet Nutrition, John Hazlin and Chief Financial Officer, Stan Sutula, will participate in a fireside chat at the UBS Global Consumer and Retail Conference on Wednesday, March 13, 2024 at 12:00 p.m. ET. Investors may access a live webcast of this fireside chat on Colgate’s website at www.colgatepalmolive.com. For those unable to participate during the live webcast, a recorded version of the webcast will be made available through the ‘In ...

Colgate-Palmolive Company (NYSE:CL) Presents at Consumer Analyst Group of New York Conference February 23, 2024 8:00 AM ET Company Participants Noel Wallace - Chairman, President and CEO Diana Schildhouse - Chief Analytics & Insights Officer Conference Call Participants Bryan Spillane - Bank of America Dara Mohsenian - Morgan Stanley Chris Carey - Wells Fargo Andrea Teixeira - JPMorgan Peter Grom - UBS Unidentified Company Representative So, with that, joining us today from Colgate, our Chairman and CEO, No ...

Colgate-Palmolive Company (NYSE:CL) Presents at Consumer Analyst Group of New York Conference February 23, 2024 8:00 AM ET Company Participants Noel Wallace - Chairman, President and CEO Diana Schildhouse - Chief Analytics & Insights Officer Conference Call Participants Bryan Spillane - Bank of America Dara Mohsenian - Morgan Stanley Chris Carey - Wells Fargo Andrea Teixeira - JPMorgan Peter Grom - UBS Unidentified Company Representative So, with that, joining us today from Colgate, our Chairman and CEO, No ...

NEW YORK--(BUSINESS WIRE)--Colgate-Palmolive Company (NYSE:CL) today announced that Brian Newman, Executive Vice President and Chief Financial Officer of United Parcel Service, Inc. (“UPS”), has been elected to Colgate's Board of Directors effective March 15, 2024. The Company also announced that Mr. Stephen I. Sadove will retire from the Board effective May 10, 2024 at the end of his current term. Brian Newman, 55, brings extensive financial and global business leadership experience and expertise in the c ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investo ...