The Clorox Company (CLX) To Go Ex-Dividend on January 28th

The Clorox Company (NYSE:CLX) declared a quarterly dividend on Tuesday, November 18th. Investors of record on Wednesday, January 28th will be given a dividend of 1.24 per share on Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, January 28th.

Clorox has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 47 consecutive years. Clorox has a dividend payout ratio of 72.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Clorox to earn $7.12 per share next year, which means the company should continue to be able to cover its $4.96 annual dividend with an expected future payout ratio of 69.7%.

Clorox Price Performance

Shares of Clorox stock opened at $98.53 on Thursday. Clorox has a twelve month low of $98.40 and a twelve month high of $171.37. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 5.15. The company has a 50-day simple moving average of $116.17 and a two-hundred day simple moving average of $122.78. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 0.92 and a beta of 0.52.

Clorox (NYSE:CLX) last announced its earnings results on Monday, November 3rd. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Clorox had a net margin of 11.40% and a return on equity of 377.86%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the business posted $1.86 EPS. The business’s revenue was down 18.9% compared to the same quarter last year. Clorox has set its FY 2026 guidance at 5.950-6.300 EPS. Analysts forecast that Clorox will post 7.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CLX shares. Bank of America cut their target price on Clorox from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Clorox from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. TD Cowen dropped their target price on shares of Clorox from $120.00 to $117.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Clorox from $128.00 to $121.00 and set a “hold” rating for the company in a report on Tuesday, November 4th. Finally, Wells Fargo & Company decreased their price objective on shares of Clorox from $125.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $125.69.

About Clorox

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.