The Clorox Company (NYSE:CLX) Declares Dividend Increase – $1.25 Per Share

The Clorox Company (NYSE:CLX) announced a quarterly dividend on Friday, July 31st. Stockholders of record on Wednesday, August 12th will be given a dividend of 1.25 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, August 12th. This is a 0.8% increase from Clorox’s previous quarterly dividend of $1.24.

Clorox has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 47 consecutive years. Clorox has a payout ratio of 73.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Clorox to earn $6.43 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 77.8%.

Clorox Price Performance

Shares of NYSE:CLX opened at $105.24 on Monday. The company has a debt-to-equity ratio of 15.80, a quick ratio of 0.38 and a current ratio of 0.66. The firm has a fifty day moving average price of $96.41 and a 200 day moving average price of $103.42. Clorox has a fifty-two week low of $84.70 and a fifty-two week high of $128.90. The firm has a market cap of $12.73 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 3.13 and a beta of 0.54.

Clorox (NYSE:CLX) last posted its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.02. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. Clorox’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the company posted $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, sell-side analysts expect that Clorox will post 5.82 earnings per share for the current fiscal year.

Clorox Company Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.