By Denny Jacob

Colgate-Palmolive increased its quarterly common stock cash dividend 4% to 50 cents a share from 48 cents a share, effective in the second quarter.

The new payout, equal to $2 a year, represents an annual yield of 2.3% based on Thursday's closing price of $88.35.

The consumer-products company said the dividend will be paid on May 15 to shareholders of record as of April 22.

Write to Denny Jacob at

(END) Dow Jones Newswires

03-14-24 1710ET