The Board of Directors of Colgate-Palmolive Company (NYSE:CL) today
declared a quarterly cash dividend of $0.38 per common share, payable on
February 16, 2016, to shareholders of record on January 25, 2016. The
Company has paid uninterrupted dividends on its common stock since 1895.
Separately, the Company also announced today that its Board of Directors
has approved amendments to the Company’s By-laws to, among other things,
provide eligible shareholders with new “proxy access” rights for
nominating director candidates. Under the amendments, a shareholder, or
a group of up to 20 shareholders, owning at least three percent of the
Company’s outstanding common stock continuously for at least three years
may submit director nominees for up to the greater of two directors or
20 percent of the Board, subject to the terms and conditions specified
in the By-laws.
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About Colgate-Palmolive: Colgate-Palmolive is a leading global consumer
products company, tightly focused on Oral Care, Personal Care, Home Care
and Pet Nutrition. Colgate sells its products in over 200 countries and
territories around the world under such internationally recognized brand
names as Colgate, Palmolive, Softsoap, Irish Spring, Protex, Sorriso,
Kolynos, elmex, Tom’s of Maine, Sanex, Ajax, Axion, Soupline, and
Suavitel, as well as Hill's Science Diet, Hill's Prescription Diet and
Hill’s Ideal Balance. For more information about Colgate's global
business, visit the Company's web site at http://www.colgatepalmolive.com.
To learn more about Colgate’s global oral health education program,
Bright Smiles, Bright Futures™, please visit http://www.colgatebsbf.com.
CL-D, CL-C
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