The Clorox Company (CLX) To Go Ex-Dividend on April 22nd

The Clorox Company (NYSE:CLX) declared a quarterly dividend on Tuesday, February 24th. Shareholders of record on Wednesday, April 22nd will be given a dividend of 1.24 per share on Friday, May 8th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, April 22nd.

Clorox has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 47 years. Clorox has a dividend payout ratio of 72.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Clorox to earn $7.12 per share next year, which means the company should continue to be able to cover its $4.96 annual dividend with an expected future payout ratio of 69.7%.

Clorox Trading Down 0.2%

Shares of CLX stock opened at $126.34 on Thursday. The stock has a market capitalization of $15.28 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 0.62 and a beta of 0.59. The company has a debt-to-equity ratio of 71.03, a quick ratio of 0.48 and a current ratio of 0.74. Clorox has a fifty-two week low of $96.66 and a fifty-two week high of $158.91. The company has a 50 day moving average price of $111.29 and a 200 day moving average price of $113.62.

Clorox (NYSE:CLX) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.04). The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Clorox had a return on equity of 383.01% and a net margin of 11.17%.Clorox’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm posted $1.55 earnings per share. Equities research analysts predict that Clorox will post 7.15 EPS for the current fiscal year.

Institutional Trading of Clorox

A number of institutional investors have recently added to or reduced their stakes in CLX. Total Investment Management Inc. purchased a new position in shares of Clorox in the second quarter valued at $25,000. Center for Financial Planning Inc. purchased a new position in Clorox in the 3rd quarter valued at about $25,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Clorox in the third quarter worth about $25,000. NewSquare Capital LLC boosted its holdings in Clorox by 567.6% in the second quarter. NewSquare Capital LLC now owns 227 shares of the company’s stock valued at $27,000 after purchasing an additional 193 shares during the last quarter. Finally, Caitlin John LLC grew its stake in Clorox by 1,807.1% during the 4th quarter. Caitlin John LLC now owns 267 shares of the company’s stock valued at $27,000 after purchasing an additional 253 shares in the last quarter. 78.53% of the stock is owned by hedge funds and other institutional investors.

About Clorox

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.