Church & Dwight Co., Inc. (NYSE:CHD – Get Free Report) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.3075 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 14th.
Church & Dwight has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 29 years. Church & Dwight has a payout ratio of 33.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Church & Dwight to earn $4.01 per share next year, which means the company should continue to be able to cover its $1.23 annual dividend with an expected future payout ratio of 30.7%.
Church & Dwight Price Performance
Shares of NYSE CHD traded down $0.05 during trading on Wednesday, hitting $99.88. 2,438,184 shares of the company were exchanged, compared to its average volume of 2,136,382. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.22 and a quick ratio of 0.81. Church & Dwight has a 1 year low of $81.33 and a 1 year high of $106.04. The company has a market cap of $23.67 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 3.55 and a beta of 0.47. The firm’s fifty day moving average price is $96.97 and its 200 day moving average price is $96.40.
Insider Transactions at Church & Dwight
In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 12,960 shares of Church & Dwight stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $98.00, for a total transaction of $1,270,080.00. Following the completion of the transaction, the director owned 13,653 shares in the company, valued at approximately $1,337,994. The trade was a 48.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Carlos G. Linares sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $99.71, for a total transaction of $997,100.00. Following the completion of the sale, the executive vice president directly owned 4,668 shares in the company, valued at $465,446.28. This trade represents a 68.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 47,680 shares of company stock worth $4,672,190 in the last 90 days. Insiders own 1.20% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of CHD. Integrity Alliance LLC. grew its holdings in Church & Dwight by 4.6% in the 4th quarter. Integrity Alliance LLC. now owns 2,500 shares of the company’s stock valued at $210,000 after buying an additional 111 shares during the period. Advisory Services Network LLC boosted its position in shares of Church & Dwight by 0.8% in the second quarter. Advisory Services Network LLC now owns 14,325 shares of the company’s stock worth $1,343,000 after acquiring an additional 116 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in Church & Dwight by 3.6% in the third quarter. Integrated Wealth Concepts LLC now owns 3,524 shares of the company’s stock valued at $309,000 after purchasing an additional 124 shares during the period. Essex Financial Services Inc. increased its position in Church & Dwight by 2.5% during the fourth quarter. Essex Financial Services Inc. now owns 5,218 shares of the company’s stock worth $438,000 after purchasing an additional 125 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its stake in Church & Dwight by 5.3% during the first quarter. Arkadios Wealth Advisors now owns 2,692 shares of the company’s stock worth $251,000 after purchasing an additional 136 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.
About Church & Dwight
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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