Colgate-Palmolive Company (NYSE:CL) increased the quarterly common stock cash dividend to 50 cents per share, up from 48 cents per share (above 4%). The increase will be effective in the second quarter of 2024, Colgate said in a press release yesterday after the closing bell. The second quarter dividend will be paid on May 15, 2024, to shareholders of record as of April 22. On an annualized basis, the new dividend rate is $2.00 versus $1.92 per share previously. In January, the company said it expects FY24 net sales growth to be 1%-4%, including a low-single-digit negativeimpact from foreign e…