March 07, 2013 at 14:09 PM EST
Colgate-Palmolive Plans Stock Split, Dividend Hike
Colgate-Palmolive (CL) announced plans for a 2-for-1 stock split and a raise in its quarterly dividend on Thursday. The stock split is scheduled for April 23 and shares will be distributed on May 15. Shares of the personal care company will jump to 936 million from 468 million. Stock splits had been common before the recession but companies have been shying away from splitting in recent years. High-profile names with high priced stocks like Apple
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