Colgate-Palmolive (CL) is one of those companies you like to have in your portfolio because you pretty much know what to expect from it: a reliable, steady performer that will bounce back even if it happens to go through rough patches. Colgate-Palmolive is set to report Q2 earnings later this month. Although CL stock has had a tough time lately, here are a few reasons why CL stock is still a winner.
A dividend king is a stock that has managed to increase its dividend for at least 50 consecutive years, so it’s a step above a dividend aristocrat. And it’s an exclusive club, with only 16 stocks managing to earn the title. Colgate-Palmolive had the third-fastest growth rate out of the dividend kings over the past decade, growing its dividend at a rate of 11% per year. CL stock has gone through a rough patch in part due to weak currencies in emerging markets up against a strong dollar. But CL has raised prices in those markets to offset the difference and is continuing to see growth despite the price hikes.
Source: InvestorPlace
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