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Colgate-Palmolive Co. (NYSE:CL) manufactures and sells consumer products in the U.S. and internationally.
The 52-week range of Colgate-Palmolive stock price was $85.32 to $109.30.
Colgate-Palmolive's dividend yield is 2.25%. It paid $2.08 per share in dividends during the last 12 months.
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On April 25, the company announced its Q1 2025 earnings, posting revenues of $4.91 billion, down 3% year-over-year, but above the consensus estimate of $4.86 billion, as reported by Benzinga. Non-GAAP EPS of $0.91 beat the consensus estimate of $0.86.
“As we look ahead, uncertainty and volatility in global markets, including the impact of tariffs, remain challenging. We are confident in our strategy and will continue to execute with focus and agility to mitigate these factors and achieve our revised 2025 financial targets,” said CEO Noel Wallace.
Colgate expects full-year 2025 net sales to be up in the low single digits, including a negative impact from foreign exchange in the low single digits. The company anticipates organic sales growth to be 2% to 4%.
Check out this article by Benzinga for 17 analysts' insights on Colgate-Palmolive.
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If you want to make $100 per month — $1,200 annually — from Colgate-Palmolive dividends, your investment value needs to be approximately $53,333, which is around 578 shares at $92.33 each.
Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (2.25% in this case). So, $1,200 / 0.0225 = $53,333 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.
The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis.
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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).
In summary, income-focused investors may find Colgate-Palmolive stock an attractive option for making a steady income of $100 per month by owning 578 shares of stock. There may be more upside to come as investors benefit from the company's consistent dividend hikes. Colgate-Palmolive has raised its dividend consecutively for the last 62 years.
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Send To MSN: 0This article How To Put $100 In Your Retirement Fund Each Month With Colgate-Palmolive Stock originally appeared on Benzinga.com
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