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Colgate Announces Dividend Increase

Colgate-Palmolive announced today an increase in the company's quarterly stock cash dividends by 9 percent, effective by the second quarter of 2011.

The new quarterly rate is 58 cents per share, up from 53 cents.

The annual dividend rate is now $2.27 per share, up from $2.03 previously.

Colgate , which has paid out uninterrupted dividends since 1895, will pay out the second quarter dividends on May 16 to shareholders on record as of April 26.

Get real-time quotes for Colgate here.

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