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

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

Clorox has raised its dividend 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 payout ratio of 73.3% meaning its dividend is sufficiently covered by earnings. 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 Stock Down 0.3%

NYSE:CLX traded down $0.28 during mid-day trading on Thursday, hitting $83.66. 418,132 shares of the company’s stock traded hands, compared to its average volume of 2,640,192. The company has a fifty day moving average of $97.66 and a 200 day moving average of $98.25. The company has a debt-to-equity ratio of 15.80, a quick ratio of 0.38 and a current ratio of 0.66. Clorox has a twelve month low of $82.51 and a twelve month high of $128.90. The company has a market capitalization of $10.12 billion, a P/E ratio of 17.37, a P/E/G ratio of 2.73 and a beta of 0.56.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the company earned $2.87 earnings per share. The business’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. On average, analysts forecast that Clorox will post 5.8 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. BNP Paribas Exane decreased their target price on shares of Clorox from $97.00 to $95.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Clorox in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on Clorox in a research note on Tuesday, August 4th. Barclays restated an “underweight” rating and issued a $84.00 price objective on shares of Clorox in a report on Tuesday, August 4th. Finally, Evercore set a $99.00 target price on shares of Clorox in a report on Tuesday, August 4th. Thirteen equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Clorox presently has a consensus rating of “Reduce” and a consensus price target of $101.40.

Clorox Company Profile

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.