Yesterday afternoon, Colgate Palmolive (NYSE:CL) declared its quarterly dividend of 58 cents per share, an increase of about 9% over its prior dividend. Based on the current stock price, investors can expect a yield of about 3% going forward.
In afternoon trading, shares of Colgate were higher, picking up about 0.9% so far.
In other dividend news, Sprint Nextel (NYSE:S) maintained a dividend of 3 cents per share. Ace Limited (NYSE:ACE) maintained its monthly dividend of 33 cents per share. Western Union (NYSE:WU) maintained its quarterly dividend of 7 cents per share. And PPL Corporation (NYSE:PPL) maintained its quarterly dividend of 35 cents per share.
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