Today, analyst Austin Smith looks at one phenomenal dividend-paying stock investors can buy today: Colgate-Palmolive

While it may not wow anyone with its 2.3% yield, which trails the Dow's average, it's the stability and growth of the underlying company that investors should cheer. Focusing on personal-care products, Colgate commands far wider margins than many of its peers and is able to achieve enviable returns on invested capital. Not only that, but big emerging-market exposure spells better long-term growth potential over its more domestically focused rivals.

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