Clorox Company (The) (NYSE:CLX) declared a quarterly dividend on Tuesday, November 14th, RTT News reports. Stockholders of record on Wednesday, January 24th will be paid a dividend of 0.84 per share on Friday, February 9th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.49%.

Clorox Company (The) has increased 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 60.2% meaning its dividend is sufficiently covered by earnings. Research 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%.

Shares of Clorox Company (CLX) traded up $3.03 on Tuesday, reaching $135.08. The company had a trading volume of 1,145,500 shares, compared to its average volume of 817,432. The company has a debt-to-equity ratio of 3.02, a current ratio of 1.10 and a quick ratio of 0.77. The firm has a market capitalization of $17,026.34, a P/E ratio of 23.79, a price-to-earnings-growth ratio of 3.60 and a beta of 0.39. Clorox Company has a 52-week low of $112.15 and a 52-week high of $141.76.

Clorox Company (The) (NYSE:CLX) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.05. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. Clorox Company (The) had a return on equity of 161.59% and a net margin of 11.84%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.36 earnings per share. equities research analysts predict that Clorox Company will post 5.58 EPS for the current fiscal year.

CLX has been the subject of several research analyst reports. Jefferies Group LLC reiterated a “hold” rating and issued a $137.00 price objective (up previously from $136.00) on shares of Clorox Company (The) in a research report on Wednesday, August 9th. BidaskClub raised Clorox Company (The) from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Barclays PLC reissued an “equal weight” rating and issued a $136.00 target price (down previously from $140.00) on shares of Clorox Company (The) in a report on Friday, August 4th. BMO Capital Markets set a $150.00 target price on Clorox Company (The) and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Consumer Edge raised Clorox Company (The) from a “neutral” rating to an “outperform” rating in a report on Friday. Two equities 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’s stock. Clorox Company (The) presently has an average rating of “Hold” and an average price target of $128.72.

In other news, COO Dawn C. Willoughby sold 2,158 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $138.00, for a total value of $297,804.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Matthew T. Laszlo sold 20,051 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $130.46, for a total value of $2,615,853.46. Following the sale, the senior vice president now owns 10,896 shares in the company, valued at $1,421,492.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,293 shares of company stock worth $5,560,303. 1.00% of the stock is owned by corporate insiders.

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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.

Dividend History for Clorox Company (The) (NYSE:CLX)

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