2024-04-21 08:26:49 ET
Summary
- Colgate-Palmolive has been growing revenues and managing the challenging economic environment well with strong earnings growth.
- The company offers stability and reliability in a volatile market, with a wide portfolio of products that people buy regardless of market conditions.
- The dividend growth has been weak, but the company remains a reliable source of dividend income with over 60 years of consecutive raises.
- My dividend discount model estimates a fair value over $92 per share.
Overview
With the current high inflationary environment, we are seeing a ton of companies tightening down on spending and implementing different cost-saving initiatives because of slowing sales volume. However, Colgate-Palmolive (CL) has been steadily growing revenues and managing the challenging economic environment quite well. The last earnings were strong, the dividend was recently increased, and the price movement has outpaced the S&P 500 (SPY)....
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For further details see:
Colgate-Palmolive: Improved Financials To Navigate Headwinds (Rating Upgrade)