Colgate Declares Regular Quarterly Dividend and Adopts Proxy Access By-Law Amendments
January 14 2016 - 4:30PM
Business Wire
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.
* * *
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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Colgate-Palmolive CompanyBina Thompson, 212-310-3072Hope
Spiller, 212-310-2291
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