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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.
The payment date is the scheduled date the company pays the declared dividend. Only shareholders who own the stock before the ex-dividend date are entitled to the dividend. Hereâs an example that shows the timeline for a dividend Coca-Cola paid in Oct. 2017: