The Clorox Company (CLX) to Issue Quarterly Dividend of $1.24 on November 6th

The Clorox Company (NYSE:CLX) declared a quarterly dividend on Tuesday, September 16th, RTT News reports. Investors of record on Wednesday, October 22nd will be paid a dividend of 1.24 per share on Thursday, November 6th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Wednesday, October 22nd.

Clorox has a dividend payout ratio of 71.6% 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 $4.88 annual dividend with an expected future payout ratio of 68.5%.

Clorox Trading Up 1.8%

Shares of CLX stock opened at $119.73 on Monday. The firm has a 50-day moving average price of $121.61 and a 200 day moving average price of $127.58. Clorox has a twelve month low of $116.53 and a twelve month high of $171.37. The company has a market capitalization of $14.58 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 0.99 and a beta of 0.52. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 5.15.

Clorox (NYSE:CLX) last announced its earnings results on Thursday, July 31st. The company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.63. Clorox had a net margin of 11.40% and a return on equity of 377.86%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company posted $1.82 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. Clorox has set its FY 2026 guidance at 5.950-6.30 EPS. Research analysts forecast that Clorox will post 7.15 earnings per share for the current fiscal year.

About Clorox

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.