Dividend Yield: 2.4%
Brush your teeth this morning? Wash your hair? Put on a little after-shave? It’s a good bet that Colgate-Palmolive (NYSE:CL) made at least one of the products you used.
Consumer stocks are generally viewed as “defensive” plays against the market, and Colgate is one of the best, with a history of product innovation, as well as a worldwide reach.
Indeed, InvestorPlace‘s Dan Burrows likes the entire sector, but provides some extra incentive for a dividend play at Colgate, particularly since the stock will split, making it a little more attractive to retail investors.
Colgate just upped its dividend, increasing its streak of consecutive annual increases to 49 years, with a five-year annual growth rate of just under 12%. So enjoy a healthy 2.4% dividend yield and prepare to cash those quarterly checks long into the future.