iConnectHub

Login/Register

WeChat

For more information, follow us on WeChat

Connect

For more information, contact us on WeChat

Email

You can contact us info@ringiertrade.com

Phone

Contact Us

86-21 6289-5533 x 269

Suggestions or Comments

86-20 2885 5256

Top

Colgate Board Approves Stock Split

Source:Happi Release Date:2013-03-08 440
Personal Care
Add to Favorites
The Colgate-Palmolive board just approved a two-for-one split of the company’s common stock to be effected through a stock dividend and increased the ongoing quarterly cash dividend by 10%, both effective in second quarter 2013.

The Colgate-Palmolive board yesterday approved a two-for-one split of the company’s common stock to be effected through a stock dividend and increased the ongoing quarterly cash dividend by 10%, both effective in second quarter 2013.

“Colgate finished 2012 with excellent growth momentum worldwide, driven by broad new product success," said Ian Cook, Colgate’s chairman, president and chief executive officer. "Today’s actions demonstrate our confidence in the continued strong and profitable growth of Colgate’s global business.”

The record date for the two-for-one split is the close of business on April 23, 2013, with share distribution scheduled for May 15, 2013. As a result of the split, shareholders will receive one additional share of Colgate common stock, par value $1.00, for each share they hold as of the record date. Total shares outstanding will increase from approximately 468 million to 936 million.

Nike LeBron 16
Add to Favorites
You May Like