Clorox Co. Announces Quarterly Dividend of $0.71 (CLX)
Clorox (NYSE:CLX) announced a quarterly dividend on Tuesday, September 17th, StockRatingsNetwork reports. Investors of record on Wednesday, October 30th will be paid a dividend of $0.71 per share on Friday, November 15th. This represents a $2.84 annualized dividend and a dividend yield of 3.36%.
CLX has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Clorox (NYSE:CLX) in a research note to investors on Wednesday, August 14th. They now have a $91.00 price target on the stock. On the ratings front, analysts at Argus initiated coverage on shares of Clorox (NYSE:CLX) in a research note to investors on Monday, July 15th. They set a “buy” rating and a $95.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Clorox (NYSE:CLX) in a research note to investors on Tuesday, July 9th. They now have a $85.00 price target on the stock.
Fourteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $84.57.
Shares of Clorox (NYSE:CLX) traded down 0.04% during mid-day trading on Tuesday, hitting $84.45. 591,598 shares of the company’s stock traded hands. Clorox has a 52 week low of $69.81 and a 52 week high of $90.10. The stock’s 50-day moving average is $84.30 and its 200-day moving average is $85.35. The company has a market cap of $11.015 billion and a price-to-earnings ratio of 19.67.
Clorox (NYSE:CLX) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.04. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. Analysts expect that Clorox will post $4.61 EPS for the current fiscal year.
The Clorox Company (NYSE:CLX) is a manufacturer and marketer of consumer and professional products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.