Published March 10, 2016 4:36pm EST | Updated March 10, 2016 5:04pm EST

Colgate-Palmolive Hikes Quarterly Dividend By 3% To 39 Cents

Colgate-Palmolive Co. late Thursday said its board approved raising the company's dividend to 39 cents a share from 38 cents a share starting in the second quarter. The dividend will be paid on May 16 to shareholders of record as of April 22. This boosts the full-year dividend to $1.56 from $1.52.