Clorox Company (The) (CLX) Plans $0.84 Quarterly Dividend
Clorox Company (The) (NYSE:CLX) declared a quarterly dividend on Wednesday, September 13th, Zacks reports. Stockholders of record on Wednesday, October 25th will be given a dividend of 0.84 per share on Monday, November 13th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Tuesday, October 24th.
Clorox Company (The) has raised its dividend payment by an average of 5.2% annually over the last three years and has raised its dividend annually for the last 39 consecutive years. Clorox Company (The) has a dividend payout ratio of 59.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Clorox Company (The) to earn $5.97 per share next year, which means the company should continue to be able to cover its $3.36 annual dividend with an expected future payout ratio of 56.3%.
Clorox Company (NYSE CLX) opened at 133.755 on Thursday. Clorox Company has a 12-month low of $111.24 and a 12-month high of $141.76. The stock has a 50 day moving average price of $135.79 and a 200-day moving average price of $135.26. The stock has a market capitalization of $17.26 billion, a P/E ratio of 25.071 and a beta of 0.40.
Clorox Company (The) (NYSE:CLX) last issued its earnings results on Thursday, August 3rd. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.04. Clorox Company (The) had a return on equity of 190.67% and a net margin of 11.74%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities research analysts expect that Clorox Company will post $5.66 EPS for the current year.
A number of research analysts have commented on CLX shares. Deutsche Bank AG restated a “hold” rating and issued a $137.00 target price (up previously from $126.00) on shares of Clorox Company (The) in a research note on Saturday, July 22nd. BMO Capital Markets restated an “outperform” rating on shares of Clorox Company (The) in a research note on Tuesday. BidaskClub downgraded Clorox Company (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded Clorox Company (The) from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a research note on Tuesday, July 4th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $115.00 target price on shares of Clorox Company (The) in a research note on Friday, June 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $129.05.
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In other Clorox Company (The) news, EVP James E. Foster sold 9,861 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $138.51, for a total transaction of $1,365,847.11. Following the sale, the executive vice president now owns 22,069 shares of the company’s stock, valued at $3,056,777.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Dawn C. Willoughby sold 2,158 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $138.00, for a total transaction of $297,804.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,242 shares of company stock worth $2,944,449. Insiders own 0.74% of the company’s stock.
Clorox Company (The) Company Profile
The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.
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