How Reliable Is Colgate-Palmolive Company (CL) for Long-Term Dividend Income?
Colgate-Palmolive Company (NYSE:CL) is included among the 10 Best Passive Income Stocks to Buy Now.
An array of toothpaste, toothbrushes, and mouthwashes on a bright background, highlighting the company's oral care products.
The company has been rewarding shareholders with growing dividends for the past 62 consecutive years, which places it in an elite group of Dividend Kings. The stock supports a dividend yield of 2.28%, as of July 10.
In the first quarter of 2025, Colgate-Palmolive Company (NYSE:CL) reported strong earnings, with its revenue coming in at $4.9 billion, which beat estimates by $47.8 million. The company’s GAAP gross profit margin and Base Business gross profit margin both rose by 80 basis points, reaching 60.8%. It maintained its leading position in the toothpaste market, holding a global share of 40.9% year to date. The company also continued to lead the manual toothbrush segment with a global market share of 31.9% over the same period.
Colgate-Palmolive Company (NYSE:CL) is a consumer goods company offering a range of products across oral care, personal care, household, and pet care categories. The stock has surged by nearly 6% in the past six months.
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