Church & Dwight Co., Inc. (NYSE:CHD) Announces Quarterly Dividend of $0.30

Church & Dwight Co., Inc. (NYSE:CHD) declared a quarterly dividend on Friday, January 31st,RTT News reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.295 per share on Monday, March 3rd. This represents a $1.18 annualized dividend and a dividend yield of 1.12%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28.

Church & Dwight has raised its dividend payment by an average of 4.0% annually over the last three years and has increased its dividend every year for the last 13 years. Church & Dwight has a dividend payout ratio of 28.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Church & Dwight to earn $3.73 per share next year, which means the company should continue to be able to cover its $1.14 annual dividend with an expected future payout ratio of 30.6%.

Church & Dwight Trading Down 1.6 %

NYSE:CHD opened at $105.36 on Friday. The stock has a market cap of $25.81 billion, a price-to-earnings ratio of 47.24, a PEG ratio of 3.29 and a beta of 0.58. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. Church & Dwight has a 1 year low of $96.09 and a 1 year high of $113.50. The business has a fifty day moving average of $106.30 and a 200-day moving average of $104.21.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. During the same quarter in the prior year, the business posted $0.65 EPS. Equities analysts predict that Church & Dwight will post 3.44 earnings per share for the current year.

Insider Transactions at Church & Dwight

In related news, Director Bradley C. Irwin sold 13,200 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $107.44, for a total value of $1,418,208.00. Following the sale, the director now owns 37,169 shares in the company, valued at $3,993,437.36. This represents a 26.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $103.84, for a total value of $1,203,505.60. Following the completion of the sale, the director now directly owns 7,129 shares of the company’s stock, valued at $740,275.36. The trade was a 61.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 593,035 shares of company stock worth $62,282,808. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

CHD has been the topic of a number of research reports. TD Cowen boosted their price objective on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. increased their target price on shares of Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Stifel Nicolaus reduced their target price on shares of Church & Dwight from $105.00 to $103.00 and set a “hold” rating for the company in a report on Friday, January 17th. Barclays lifted their target price on Church & Dwight from $85.00 to $90.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. Finally, Piper Sandler boosted their price target on shares of Church & Dwight from $124.00 to $128.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $110.61.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.