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Regardless, Colgate-Palmolive's new dividend will be paid on May 15 to stockholders of record as of April 21. It would yield 2.2% on the most recent closing share price. That's a bit higher than the current 1.9% average of dividend-paying stocks on the S&P 500.
In the same earnings statement, BP also announced that it is increasing its dividend by 8.3% to 9.75 cents per share, which will be payable in June. This helps the oil giant near the end of its current $8 billion buyback program, and the company said Tuesday that it expects to divest an additional $10 billion by the end of 2015, and that shareholders should see the benefit from those divestitures.