Clorox Company (The) (NYSE:CLX) declared a quarterly dividend on Wednesday, September 13th, Zacks reports. Shareholders of record on Wednesday, October 25th will be paid a dividend of 0.84 per share on Monday, November 13th. This represents a $3.36 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Tuesday, October 24th.
Clorox Company (The) has raised its dividend payment by an average of 5.2% per year over the last three years and has raised its dividend annually for the last 39 consecutive years. Clorox Company (The) has a payout ratio of 59.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Clorox Company (The) to earn $5.94 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 56.6%.
Shares of Clorox Company (NYSE:CLX) opened at 127.03 on Friday. The stock has a market cap of $16.40 billion, a price-to-earnings ratio of 23.81 and a beta of 0.39. The company has a 50 day moving average price of $131.66 and a 200-day moving average price of $134.03. Clorox Company has a one year low of $111.24 and a one year high of $141.76.
Clorox Company (The) (NYSE:CLX) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.04. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. Clorox Company (The) had a net margin of 11.74% and a return on equity of 190.67%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.30 earnings per share. Equities analysts predict that Clorox Company will post $5.64 earnings per share for the current fiscal year.
A number of research firms have recently commented on CLX. Jefferies Group LLC reissued a “hold” rating and issued a $137.00 price target (up previously from $136.00) on shares of Clorox Company (The) in a research report on Wednesday, August 9th. Royal Bank Of Canada reissued a “hold” rating and issued a $115.00 price target on shares of Clorox Company (The) in a research report on Wednesday, August 2nd. BMO Capital Markets set a $150.00 price target on shares of Clorox Company (The) and gave the company a “buy” rating in a research report on Thursday, August 3rd. BidaskClub raised shares of Clorox Company (The) from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research lowered shares of Clorox Company (The) from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $127.39.
In other Clorox Company (The) news, EVP James E. Foster sold 9,861 shares of Clorox Company (The) stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $138.51, for a total transaction of $1,365,847.11. Following the sale, the executive vice president now owns 22,069 shares in the company, valued at $3,056,777.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Dawn C. Willoughby sold 2,158 shares of Clorox Company (The) stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $138.00, for a total transaction of $297,804.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,242 shares of company stock worth $2,944,449. 1.00% of the stock is currently owned by corporate insiders.
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Clorox Company (The) Company Profile
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.
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