The Clorox Company (CLX) to Issue Quarterly Dividend of $1.25 on August 28th

The Clorox Company (NYSE:CLX) announced a quarterly dividend on Friday, July 31st. Investors of record on Wednesday, August 12th will be paid a dividend of 1.25 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Wednesday, August 12th. This is a 0.8% increase from Clorox’s previous quarterly dividend of $1.24.

Clorox has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 47 years. Clorox has a payout ratio of 73.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Clorox to earn $6.43 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 77.8%.

Clorox Price Performance

Shares of NYSE:CLX opened at $105.24 on Monday. Clorox has a one year low of $84.70 and a one year high of $128.90. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38. The company has a market cap of $12.73 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 3.13 and a beta of 0.54. The firm has a 50 day simple moving average of $96.41 and a 200 day simple moving average of $103.42.

Clorox (NYSE:CLX) last announced its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the business earned $2.87 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Research analysts predict that Clorox will post 5.82 earnings per share for the current fiscal year.

About Clorox

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.