Dividend Stock Portfolio Strategy: The Role of Colgate-Palmolive Company (CL)

Colgate-Palmolive Company (NYSE:CL) is included among the Best Retirement Stocks for a Dividend Stock Portfolio.

Colgate-Palmolive Company (NYSE:CL) is a major name in the consumer goods industry, offering products in oral care, personal care, home care, and pet nutrition. Its well-known brands include Colgate toothpaste and Hill’s Science Diet pet food, which have helped secure its strong position in the global market.

In recent years, Colgate-Palmolive Company (NYSE:CL) has worked to broaden its product portfolio and strengthen brand appeal. Efforts in sustainability and innovation have been central to this strategy. Initiatives like developing recyclable packaging reflect both global market trends and evolving consumer expectations.

Colgate-Palmolive Company (NYSE:CL) has paid regular dividends to shareholders since 1895. In addition, it has increased its payouts for 62 years straight, which makes CL one of the best retirement stocks for a dividend stock portfolio. The company currently offers a quarterly dividend of $0.52 per share and has a dividend yield of 2.56%, as of September 21.

While we acknowledge the potential of CL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.