The Clorox Company Announces Quarterly Dividend of $1.25 (NYSE:CLX)

The Clorox Company (NYSE:CLX) declared a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Wednesday, October 28th will be paid a dividend of 1.25 per share on Friday, November 13th. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Wednesday, October 28th.

Clorox has raised its dividend payment 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 dividend payout ratio of 73.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Clorox to earn $6.38 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 78.4%.

Clorox Price Performance

Shares of CLX stock traded down $0.47 on Thursday, reaching $83.47. The company’s stock had a trading volume of 488,931 shares, compared to its average volume of 2,640,609. The company has a market capitalization of $10.09 billion, a P/E ratio of 17.33, a PEG ratio of 2.73 and a beta of 0.56. Clorox has a 12-month low of $82.51 and a 12-month high of $128.90. The stock’s 50 day simple moving average is $97.66 and its 200-day simple moving average is $98.25. The company has a quick ratio of 0.38, a current ratio of 0.66 and a debt-to-equity ratio of 15.80.

Clorox (NYSE:CLX) last posted its earnings results on Monday, August 3rd. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.64 by $0.02. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The firm’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, equities analysts predict that Clorox will post 5.8 earnings per share for the current fiscal year.

About Clorox

The Clorox Company (NYSE: CLX) is a consumer products company that develops, manufactures and markets household, health and wellness, and lifestyle products. Its portfolio includes cleaning and disinfecting products, laundry and home-care items, food products, personal-care products, water-filtration systems, charcoal, and cat litter.

Clorox’s brands include Clorox bleach and disinfecting products, Pine-Sol, Fresh Step and Scoop Away, Kingsford, Brita, Burt’s Bees, Hidden Valley, and products marketed under the Glad name.