The Clorox Company (CLX) to Issue Quarterly Dividend of $1.24 on February 13th

The Clorox Company (NYSE:CLX) declared a quarterly dividend on Tuesday, November 18th. Shareholders of record on Wednesday, January 28th will be paid a dividend of 1.24 per share on Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, January 28th.

Clorox has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 47 years. Clorox has a payout ratio of 72.7% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of CLX stock opened at $113.46 on Monday. The stock has a 50-day moving average of $103.80 and a 200-day moving average of $114.70. Clorox has a one year low of $96.66 and a one year high of $164.22. The stock has a market cap of $13.84 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 0.57 and a beta of 0.58. The company has a debt-to-equity ratio of 18.01, a current ratio of 0.76 and a quick ratio of 0.50.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Clorox had a net margin of 11.68% and a return on equity of 358.39%. The business’s revenue for the quarter was down 18.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.86 earnings per share. Clorox has set its FY 2026 guidance at 5.950-6.300 EPS. As a group, sell-side analysts expect that Clorox will post 7.15 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on CLX. The Goldman Sachs Group lowered their target price on Clorox from $110.00 to $94.00 and set a “sell” rating for the company in a research note on Wednesday, January 7th. Rothschild & Co Redburn cut their price objective on shares of Clorox from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Wells Fargo & Company lifted their price target on Clorox from $108.00 to $115.00 and gave the company an “equal weight” rating in a research note on Friday. Wall Street Zen lowered Clorox from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Zacks Research upgraded Clorox from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. One investment analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $122.19.

Clorox Company Profile

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.