Clorox Nears Dividend King Status with High Yield
1 report, 1 independent
Updated Oct 12
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Clorox is nearing Dividend King status after raising its quarterly payout for the 49th straight year. The company's upcoming dividend is $1.25 per share, with a record date of October 28 and a payment date of November 13. This results in an annual payout of $5 per share, yielding 6%, which is significantly higher than the S&P 500's roughly 1% yield.
From fool.com
Why it matters
While Clorox has an impressive history of raising dividends, reports indicate the company has faced challenges recently. Furthermore, the high payout ratio of 103% suggests the dividend payments may be unsustainable, creating financial risk for the company.
From fool.com
Who's involved
- CloroxAmerican worldwide manufacturer and marketer of consumer and professional products
- CLXStock ticker and company name used to refer to Clorox
- Burt's BeesPersonal care products subsidiary owned by Clorox
- GladBrand portfolio owned and marketed by Clorox
- Gojo IndustriesManufacturing company acquired by Clorox
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
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Clorox
American worldwide manufacturer and marketer of consumer and professional products