(CercleFinance.com) – The American toothpaste and soap manufacturer Colgate-Palmolive announced on Friday an increase in its dividend and the launch of a new share buyback program.
The consumer products group said this morning that the amount of its quarterly dividend will increase to 47 cents from May, against 45 cents until then.
In its press release, the New York company recalls that it has never stopped paying dividends to its shareholders since 1895.
The personal hygiene specialist has also planned to launch a new share buyback program, amounting to five billion dollars, which will replace a previous envelope of the same amount, which dated from 2018.
Following these announcements, the action posted a gain of nearly 1% on Friday in pre-market electronic transactions.
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