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

The Clorox Company (NYSE:CLX – Get Free Report) announced a quarterly dividend on Friday, July 31st. Shareholders of record on Wednesday, August 12th will be paid a dividend of 1.25 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a 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 raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 47 years. Clorox has a dividend payout ratio of 73.3% meaning its dividend is sufficiently covered by earnings. 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%.

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Clorox Trading Up 0.1%

NYSE:CLX opened at $105.24 on Monday. Clorox has a 1 year low of $84.70 and a 1 year high of $128.90. The stock’s fifty day moving average price is $96.41 and its two-hundred day moving average price is $103.42. 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 P/E ratio of 21.83, a P/E/G ratio of 3.13 and a beta of 0.54.

Clorox (NYSE:CLX – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.02. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the business earned $2.87 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, analysts expect that Clorox will post 5.82 EPS for the current year.

About Clorox

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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.

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