- Colgate-Palmolive owns an extremely impressive dividend track record, but the dividend policy is at the same time my biggest concern.
- In today's environment with rapidly increasing inflation, penny dividend increases are not enough to compensate for the negative effect on purchasing power.
- Colgate combines a low dividend yield with low dividend increases and competitors look much more attractive.
- A dynamic fair value calculation based on historical multiples projects an annual total return of only 5.4% till 2023.
For further details see:
Colgate-Palmolive Isn't A Good Investment These Days