The increases haven't been huge but investors who have held on to the stock over the years are earning more on their original investments. The current quarterly payment of $0.45 is 15.4% higher than the $0.39 that the company was paying five years ago. That averages out to a compounded annual growth rate of 2.9%. At that rate, it would take approximately 25 years for the dividend to double in value.
Its household products are in staples all over the world and last year as consumers were buying up day-to-day essentials, its sales rose 5% to $16.5 billion. That's a big change from 2019 where its top line was flat from the previous year. In a future that may be more focused on cleanliness, Colgate could benefit from changing trends. From soaps to toothpaste to cleaning products, it is well-positioned to meet the needs of consumers.