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 given a dividend of 0.3075 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 14th.
Church & Dwight has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 29 consecutive years. Church & Dwight has a dividend 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 Stock Down 0.0%
Church & Dwight stock opened at $99.88 on Thursday. Church & Dwight has a twelve month low of $81.33 and a twelve month high of $106.04. The stock has a 50 day moving average of $97.04 and a two-hundred day moving average of $96.50. The company has a current ratio of 1.22, a quick ratio of 0.81 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $23.67 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 3.60 and a beta of 0.47.
Insider Activity at Church & Dwight
In other Church & Dwight news, EVP Brian D. Buchert sold 10,160 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $98.14, for a total value of $997,102.40. Following the sale, the executive vice president owned 1,286 shares of the company’s stock, valued at $126,208.04. This represents a 88.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Penry W. Price sold 5,960 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $94.86, for a total transaction of $565,365.60. Following the completion of the sale, the director owned 30,070 shares in the company, valued at $2,852,440.20. This represents a 16.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 47,680 shares of company stock valued at $4,672,190 in the last quarter. 2.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Church & Dwight
Several hedge funds have recently bought and sold shares of the stock. Walter Public Investments Inc. acquired a new stake in Church & Dwight during the first quarter worth approximately $5,721,000. Tandem Investment Advisors Inc. raised its holdings in Church & Dwight by 11.6% in the 4th quarter. Tandem Investment Advisors Inc. now owns 797,733 shares of the company’s stock valued at $66,890,000 after acquiring an additional 82,833 shares during the last quarter. Swiss Life Asset Management Ltd raised its holdings in Church & Dwight by 122.6% in the 4th quarter. Swiss Life Asset Management Ltd now owns 141,837 shares of the company’s stock valued at $11,893,000 after acquiring an additional 78,107 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Church & Dwight during the 1st quarter worth $1,129,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Church & Dwight during the first quarter worth $2,382,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.
Church & Dwight Company Profile
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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