Colgate-Palmolive Corporation's ( NYSE: CL ) business is geographically diversified across the globe. The company faces several headwinds such as rising operating expenses and stagnating revenue growth. The company's strong presence in emerging markets should provide a long runway of growth. However, Colgate continues to face rising raw material costs. In addition, it is gradually losing market shares in toothpaste and toothbrush products. The company's share price is fairly valued. It also has an excellent track record of dividend growth.