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Colgate Board Approves Stock Split

Two-for-1 move is effective in the second quarter.

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By: TOM BRANNA

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The Colgate-Palmolive board today approved a two-for-one split of the company’s common stock to be effected through a stock dividend and increased the ongoing quarterly cash dividend by 10%, both effective in second quarter 2013. “Colgate finished 2012 with excellent growth momentum worldwide, driven by broad new product success,” said Ian Cook, Colgate’s chairman, president and chief executive officer. “Today’s actions demonstrate our con...

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