The Clorox Company (CLX) To Go Ex-Dividend on October 28th

The Clorox Company (NYSE:CLX) declared a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Wednesday, October 28th will be given a dividend of $1.25 per share on Friday, November 13th. This represents a $5.00 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Wednesday, October 28th.

Clorox has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 47 consecutive years. Clorox has a payout ratio of 73.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Clorox to earn $6.38 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 78.4%.

Clorox Trading Down 2.6%

Shares of NYSE:CLX opened at $81.75 on Friday. The stock has a 50 day moving average of $97.32 and a 200 day moving average of $98.02. The company has a market cap of $9.89 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 2.73 and a beta of 0.56. Clorox has a 12-month low of $81.73 and a 12-month high of $128.90. The company has a current ratio of 0.66, a quick ratio of 0.38 and a debt-to-equity ratio of 15.80.

Clorox (NYSE:CLX) last issued its quarterly 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. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the firm earned $2.87 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, equities research analysts expect that Clorox will post 5.8 EPS for the current year.

Analysts Set New Price Targets

CLX has been the subject of several recent analyst reports. Zacks Research upgraded Clorox from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Clorox in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft set a $98.00 price target on shares of Clorox in a report on Tuesday, August 4th. JPMorgan Chase & Co. raised their price objective on Clorox from $92.00 to $95.00 and gave the company an “underweight” rating in a research report on Tuesday, August 4th. Finally, UBS Group reiterated a “neutral” rating on shares of Clorox in a research report on Friday, September 11th. Thirteen research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $101.40.

About Clorox

The Clorox Company (NYSE: CLX) is a consumer products company that develops, manufactures and markets household, health and wellness, and lifestyle products. Its portfolio includes cleaning and disinfecting products, laundry and home-care items, food products, personal-care products, water-filtration systems, charcoal, and cat litter.

Clorox’s brands include Clorox bleach and disinfecting products, Pine-Sol, Fresh Step and Scoop Away, Kingsford, Brita, Burt’s Bees, Hidden Valley, and products marketed under the Glad name.