Colgate-Palmolive: Buy, Sell Or Hold?
Colgate-Palmolive (CL) is a company that I've long wanted to add to my FI Portfolio. Historically, Colgate-Palmolive had been a great company that routinely rewarded shareholders with double-digit dividend increases. The share price is down nearly 20% since its peak a year ago which prompted me to examine the company's fundamentals to see if it's finally time to add this consumer staple into the mix.
One of the things I want from my investments is for them to treat me as if I own the entire company. If I owned an entire company I'd want some kind of payout each year, preferably one that grows over time, to compensate me for my ownership stake. That led me to adopt the dividend growth investing strategy.