Thursday, February 4, 2010

Colgate & UPS provide raises

Consumer products firm Colgate Palmolive (CL) has hiked it's dividend by 20%, citing a positive outlook. They have doubled their dividend since 2004.

Global shipping firm UPS (UPS) has raised it's dividend by 4.4%. That is their first raise since the end of 2007. UPS expects to earn $2.70 - $3.05 for 2010. The shares are currently trading at 20x these 2010 earnings, which seems like a rich valuation.

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