Colgate Announces 2-For-1 Stock Split and 10% Dividend Increase Effective 2nd Quarter 2013

Thu Mar 7, 2013 8:26am EST

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NEW YORK--(Business Wire)--
Reflecting the Company`s positive outlook, the Board of Directors of
Colgate-Palmolive Company (NYSE:CL) today approved a two-for-one split of the
Company`s common stock to be effected through a stock dividend and increased the
ongoing quarterly cash dividend by 10%, both effective in second quarter 2013 as
described below. 

Ian Cook, Colgate`s Chairman, President and Chief Executive Officer, said,
"Colgate finished 2012 with excellent growth momentum worldwide, driven by broad
new product success. Today`s actions demonstrate our confidence in the continued
strong and profitable growth of Colgate`s global business." 

The record date for the two-for-one split is the close of business on April 23,
2013, with share distribution scheduled for May 15, 2013. As a result of the
split, shareholders will receive one additional share of Colgate common stock,
par value $1.00, for each share they hold as of the record date. Total shares
outstanding will increase from approximately 468 million to 936 million. 

The higher quarterly dividend of $0.68 per share on a pre-split basis, up from
$0.62, is to be paid May 15, 2013 to shareholders of record as of April 23,
2013. On an annualized basis, the new rate is $2.72 per share (or $1.36 after
giving effect to the split). 

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, Mennen, Speed Stick, Lady Speed Stick, Softsoap, Irish Spring,
Protex, Sorriso, Kolynos, elmex, Tom`s of Maine, Sanex, Ajax, Axion, Soupline,
and Suavitel, as well as Hill's Science Diet and Hill's Prescription Diet. For
more information about Colgate`s global business, visit the Company`s web site
at http://www.colgatepalmolive.com. To learn more about Colgate Bright Smiles,
Bright Futures oral health education program, please visit
http://www.colgatebsbf.com. CL-D 

Cautionary Statement on Forward-Looking Statements

This press release contains forward-looking statements relating to expectations
of continued growth. These statements are made on the basis of our views and
assumptions as of this time and we undertake no obligation to update these
statements. We caution investors that any such forward-looking statements are
not guarantees of future performance and that actual events or results may
differ materially from those statements. Investors should consult the Company`s
filings with the Securities and Exchange Commission (including the information
set forth under the caption "Risk Factors" in the Company`s Annual Report on
Form 10-K for the year ended December 31, 2012) for information about certain
factors that could cause such differences. Copies of these filings may be
obtained upon request from the Company`s Investor Relations Department or on the
Company`s web site at http://www.colgatepalmolive.com.

Colgate-Palmolive
Bina Thompson, 212-310-3072
Hope Spiller, 212-310-2291 

Copyright Business Wire 2013

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