Clorox Co (NYSE:CLX) declared a quarterly dividend on Tuesday, November 14th, RTT News reports. Stockholders of record on Wednesday, January 24th will be given a dividend of 0.84 per share on Friday, February 9th. This represents a $3.36 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Tuesday, January 23rd.

Clorox has increased its dividend payment by an average of 4.2% per year over the last three years and has raised its dividend annually for the last 40 consecutive years. Clorox has a payout ratio of 58.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Clorox to earn $6.20 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 54.2%.

Shares of Clorox (NYSE CLX) opened at $144.32 on Thursday. Clorox has a 12-month low of $118.87 and a 12-month high of $150.40. The company has a market capitalization of $18,362.15, a PE ratio of 26.58, a P/E/G ratio of 3.72 and a beta of 0.42. The company has a debt-to-equity ratio of 3.02, a current ratio of 1.10 and a quick ratio of 0.77.

Clorox (NYSE:CLX) last issued its earnings results on Wednesday, November 1st. The company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.05. Clorox had a return on equity of 161.59% and a net margin of 11.84%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company posted $1.36 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. equities analysts anticipate that Clorox will post 5.7 earnings per share for the current fiscal year.

In other Clorox news, SVP Michael R. Costello sold 10,574 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $136.01, for a total transaction of $1,438,169.74. Following the completion of the sale, the senior vice president now directly owns 34,867 shares of the company’s stock, valued at approximately $4,742,260.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew T. Laszlo sold 20,051 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was 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 directly owns 10,896 shares of the company’s stock, valued at $1,421,492.16. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

CLX has been the subject of a number of research analyst reports. Jefferies Group reaffirmed a “hold” rating and issued a $132.00 target price (down from $137.00) on shares of Clorox in a research report on Friday, October 6th. Zacks Investment Research lowered Clorox from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Morgan Stanley decreased their target price on Clorox from $138.00 to $128.00 and set an “equal weight” rating for the company in a research report on Thursday, November 2nd. Consumer Edge raised Clorox from a “neutral” rating to an “outperform” rating in a research report on Friday, November 10th. Finally, Wells Fargo & Co boosted their target price on Clorox from $130.00 to $146.00 and gave the company a “market perform” rating in a research report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $134.33.

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About Clorox

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.

Dividend History for Clorox (NYSE:CLX)

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