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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.
There are several key dates associated with dividends, which are: Declaration date. This is the date on which a company's board of directors sets the amount and payment date of a dividend. Record date. This is the date on which the company compiles the list of investors who will be paid a dividend.