Colgate-Palmolive Company (CL) will raise its quarterly dividend by 5.9 percent to $0.36 per share in 2014, adjusted for the stock split of May 16, 2013. This follows a 9.7 percent dividend hike in the previous year by the Dividend Aristocrat.

Colgate-Palmolive Company (Colgate) is a global consumer products company. Colgate operates in two product segments: Oral, Personal and Home Care; and Pet Nutrition. The company's products include toothpaste, toothbrushes, mouthwashes, soap, shower gels, deodorants, dishwashing liquids and pharmaceutical products for dentists and other oral health professionals. The Pet Nutrition segment markets specialty pet nutrition products for dogs and cats. The company’s brands include Colgate, Palmolive, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, elmex, Tom's of Maine, Sanex, Ajax, Axion, Soupline, and Suavitel, as well as Hill's Science Diet, Hill's Prescription Diet and Hill's Ideal Balance. Colgate was founded in 1806 and incorporated under the laws of the State of Delaware in 1923.