Colgate-Palmolive (CL): When Good News Might Be Bad News for the Economy

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2023-09-19 17:00:03  • 6 mins

When thinking of high-flying, must-own assets in a roaring bull market, few would immediately turn their attention to Colgate-Palmolive (CL). Known for its everyday essentials, its more akin to the comforting background hum of a portfolio than its headline act.

Indeed, Colgates primary allure has always been itsdependability. Everyone needs toothpaste. Many will reach for a Colgate product when doing their shopping, making it a staple in both households and many investment portfolios.

Further cementing its case, Colgate boasts a forward dividend yield of 2.60%. Admittedly, this yield isn't going to set the world alight, especially when the payout ratio sits at a somewhat elevated 55.60%. But lets not overlook the companys impressive track record of 61 years of consecutive dividend increases. Thats reliability by any measure.

Yet here lies the conundrum. In a bullish frenzy, when everyone seems enamored with the latest tech IPO or a groundbreaking innovation in a different sector, excessive bullishness on a stock like CL is a little... odd. It suggests that investors might be becoming wary of the broader market, retreating to the safety of stalwarts like Colgate as storm clouds gather on the horizon.

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