Clorox Company (The) (CLX) Plans Quarterly Dividend of $0.84
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.
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.
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