The Zacks Consensus Estimate for 2020 is $7.76 per share, which represents a year-over-year growth rate of 5.43%. A payout ratio is used to report how much of the earnings are used to pay a company's dividend. Moreover, the company’s current dividend payout ratio is 62.2%. LTM stands for “Last Twelve Months” and implies that the calculation uses the dividends paid over the last twelve months. Clorox's current payout ratio is 58%, meaning it paid out 58% of its trailing 12-month EPS as dividend. Clorox paid out more than half (61%) of its earnings last year, which is a regular payout ratio for most companies. Clorox's current payout ratio is 58%, meaning it paid out 58% of its trailing 12-month EPS as dividend. The consumer products specialist also goes for 67 times the free cash flow it produces. Clorox generates 80% of its revenue from its market-leading products. Do Not Sell My Personal Information (CA Residents Only). Clorox Company's business operations, represented by the aggregate of its U.S. Household Products and Canada, U.S. A dividend is the distribution of some of a company's earnings to a class of its shareholders. There is typically 1 dividend per year (excluding specials), and the dividend cover is approximately 2.6. Last Dividend Paid refers to dividend per share(DPS) paid to the shareholder the last time dividends were issued by Clorox. That has enabled analysts to estimate a "forward annual dividend yield" of 2.18% of the current stock value. See upcoming ex-dividends and access Dividata's ratings for Clorox (The) Co. Comparing dividend payments to a company's net profit after tax is a simple way of reality-checking whether a dividend is sustainable. The NYSE-listed company sells more than just disinfectants. Strong fundamentals c, combined with a detailed history, shows that Clorox's dividend is safe for the retail investor. Moreover, the company’s current dividend payout ratio is 62.2%.Dividend payouts are the biggest enticement for investors and Clorox is committed to boosting shareholders’ wealth. Clorox's next dividend payment will be US$1.11 per share, on the back of last year when the company paid a total of US$4.44 to shareholders. That makes it seem expensive, and while an income investor might be tempted to buy in for the payout and await the turnaround, it may be smart to wait to see whether Clorox can actually ignite any growth in sales before buying in. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Not to say that its competition has grown complacent, but Google certainly stands out as a company that has shown no intention of slowing down, and is known to continually try new projects (despite many failing). Clorox provides peace of mind because its business still thrives in hard times. The closing price during Nov 06, 2019 was 57.6. Typically, a payout ratio of 30-50% is considered safe. Because that’s what dividend growth stocks do. Enter up to 25 symbols separated by spaces. Notably, the company has a five-year annualized dividend growth rate of 8.2%, reflecting dividend increases for five consecutive years. Investors shouldn’t skip over Clorox for its low upfront yield. The consumer-products company Clorox is boosting its dividend by 10%, adding some shine to a stock that hasn’t kept pace with the market lately. @themotleyfool #stocks $CLX $PG, Forget Procter & Gamble, Clorox Is a Better Dividend Growth Stock, 3 Top Consumer Staples Stocks to Watch In December, Analyst Sees 34% Upside in Clorox Stock as Sales Growth Accelerates, Vaccine or Not, Wall Street is Making a Big Mistake by Selling This Stock, Copyright, Trademark and Patent Information. Today, that discovery is still the heart of the Zacks Rank. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i>. Contact Rich here. Clorox is not a high yield dividend stock. I may not be able to respond to every suggestion, but I do read them all! Cumulative Growth of a $10,000 Investment in Stock Advisor, Is Clorox a Great Dividend Stock? After bumping up against its all-time high in August, the stock of Clorox (NYSE:CLX) lost over 10% of its value. Last year, Clorox Co paid a total dividend of 4.24, and it currently has a trailing dividend yield of 2%. We explore these questions in detail in this guide. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future. Any look at whether Clorox should be considered a dividend investment should start with its record. Clorox has increased its dividend 4 times on a year-over-year basis over the last 5 years for an average annual increase of 8.36%. Conclusion… Amazon does not pay a dividend yet. Also, higher product demand on robust customer plans and innovation will aid performance. In addition to comparing dividends against profits, we should inspect whether the company generated enough cash to pay its dividend. Looking ahead, Clorox Co has not announced an ex-dividend date yet. 2020-2021 Federal Tax Brackets and Tax Rates, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /(^[A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~][A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~\.]{0,62}@(([A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])?)(\.[A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])? That suggests Clorox's campaign of feel-good consumerism may not pay off as expected. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Based on the recent stock price, the dividend payout puts the Clorox stock dividend yield at 2.2%. Clorox has had several stock splits over our history with the latest being on August 23, 1999. Will it ever pay them, and does it even need to? And next year it would grow even more! His coverage reflects his passion for motorcycles, booze, and guns (though typically not all exercised at the same time), but his writing also covers the broader sectors of consumer goods, technology, and industrials. As noted, its history is formidable, with over 50 straight years of payouts and consecutive annual increases since 1977, making it a Dividend Aristocrat, or a company that's hiked its payout annually for 25 years or more. © 2021, Nasdaq, Inc. All Rights Reserved. It allows a higher dividend to be paid to shareholders, but does limit the capital retained in the business - which could be good or bad. Clorox's dividend of $4.24 per share is currently yielding almost 2.9% annually. Another important check we do is to see if the free cash flow generated is sufficient to pay the dividend. How To Use This List Of Stocks That Pay Dividends In February. The new dividend will … Dividend aristocrats have an average of around 50%. Dividend history includes: Declare date, ex-div, record, pay, frequency, amount. Earnings growth looks solid for CLX for this fiscal year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Part of Clorox's problem has been its reliance on higher pricing at a time when lower-cost private label goods are becoming more important to retailers. Having some February dividend payers to choose from is a good step toward a steady monthly dividend income. Clorox's current payout ratio is 58%, meaning it paid out 58% of its trailing 12-month EPS as dividend. In this post, you will find the past dividend dates and payouts. Clorox Stock Dividend Yield. Reach Rich here. Returns as of 01/06/2021. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Clorox Stock Dividend Growth Rate. CLX is expecting earnings to expand this fiscal year as well. With an annual free cash flow return on investment of 31.3%, ahead of the industry’s 21%, the increased dividend is likely to be sustainable. Despite an impressive record of payouts to shareholders, is the company best known for its chlorine bleach still a great dividend stock? Notably, it is a windows-and-orphan stock, with a long history of regular reliable dividends. CLX's next quarterly dividend payment will be made to shareholders of record on Friday, February 12. You can make voluntary cash payments or automatic debits from your bank account in any amount from a minimum of $50. Fairly common among technology stocks, particularly in the last five stocks do 58 %, Clorox lowered its expectations... 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