The Clorox Company (CLX) to Issue Quarterly Dividend of $1.25 on November 13th

The Clorox Company (NYSE:CLX) declared a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Wednesday, October 28th will be given a dividend of $1.25 per share on Friday, November 13th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Wednesday, October 28th.

Clorox has a payout ratio of 73.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Clorox to earn $6.05 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 82.6%.

Clorox Price Performance

Shares of NYSE:CLX opened at $86.38 on Monday. The company has a market capitalization of $10.45 billion, a P/E ratio of 17.92, a P/E/G ratio of 2.89 and a beta of 0.59. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38. The firm’s 50 day simple moving average is $90.24 and its two-hundred day simple moving average is $94.66. Clorox has a 1-year low of $79.12 and a 1-year high of $128.90.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.91 billion. Clorox had a return on equity of 522.23% and a net margin of 8.74%. Clorox’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Research analysts expect that Clorox will post 5.66 EPS for the current fiscal year.

Clorox Company Profile

The Clorox Company, founded in 1913 and headquartered in Oakland, California, is a consumer and professional products company. It began with household bleach and has expanded into a portfolio of brands serving cleaning, household, personal care, food, and professional markets.

Its brands include Clorox disinfecting and cleaning products, Pine-Sol cleaners, Liquid-Plumr drain care, Kingsford charcoal, Fresh Step and Scoop Away cat litter, Hidden Valley dressings and dips, Brita water filtration products, and Burt’s Bees personal care items.