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. Dividend Summary. A payout ratio is used to report how much of the earnings are used to pay a company's dividend. Despite an impressive record of payouts to shareholders, is the company best known for its chlorine bleach still a great dividend stock? Clorox provides peace of mind because its business still thrives in hard times. Shares go for 23 times estimated earnings, the same as Procter & Gamble, even though the latter has been having much better success. Comparing dividend payments to a company's net profit after tax is a simple way of reality-checking whether a dividend is sustainable. Further, the company now expects organic sales growth of 6-8% versus the prior anticipation of flat to up 2%.Moreover, it remains on track with the IGNITE strategy aimed at expansion of the key elements under the 2020 Strategy to pace up innovation in each area of business. LTM stands for “Last Twelve Months” and implies that the calculation uses the dividends paid over the last twelve months. If a company is paying more than it earns, the dividend might have to be cut. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. © 2021, Nasdaq, Inc. All Rights Reserved. Dividend Benchmarks. The Clorox Company CLX is cheering investors by enhancing shareholder returns at a time when most companies are suspending dividends and share repurchases due to the hardships posed by the coronavirus outbreak. 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 current payout ratio is 58%, meaning it paid out 58% of its trailing 12-month EPS as dividend. The company announced the 51st successive quarterly dividend hike. What Happens If My Stimulus Payment Goes to a Closed Bank Account? The Zacks Consensus Estimate for 2020 is $7.76 per share, which represents a year-over-year growth rate of 5.43%. The Clorox Co. CLX, +0.73% said its board has approved a 5% increase in its quarterly dividend to $1.11 a share from $1.06. Encouragingly, it now projects sales growth of 4-6% compared with the prior estimation of a low-single-digit decline to a 1% rise. A wealth of resources for individual investors is available at www.zacks.com. CLX's next quarterly dividend payment will be made to shareholders of record on Friday, February 12. The Clorox Company share dividends 48%. The raised guidance reflects expectations of favorable COVID-19 impacts. Date Pay. The consumer products specialist also goes for 67 times the free cash flow it produces. So when its performance is compared with rivals like Procter & Gamble (NYSE:PG), which is delivering strong results, it's understandable why investors may be worried. The IGNITE strategy mainly binds Clorox on four strategic areas — fuel growth through brand reinvestments, innovate to deliver enhanced customer experience, develop product portfolio and re-imagine the company’s operations. Contact Rich here. Chart. Notably, it is a windows-and-orphan stock, with a long history of regular reliable dividends. Clorox has a payout ratio of 63%, which means that around two-thirds of its earnings are paid out as dividends. Last year, Clorox Co paid a total dividend of 4.24, and it currently has a trailing dividend yield of 2%. That has enabled analysts to estimate a "forward annual dividend yield" of 2.18% of the current stock value. It may survive any rough economic times, but at these lofty valuations, and despite the stock's pullback, there may be better prices to be had in the quarters to come. Intel Corporation (INTC) paid a dividend of 0.03 per share on Nov 05, 2020. Does Clorox Co pay a dividend? Today, that discovery is still the heart of the Zacks Rank. With this, it expects to achieve EBIT margin expansion of 175 basis points annually. The company recorded free cash flow of $786 million in fiscal 2019, up 0.5% from the prior year.Stock Soars in 3 MonthsClorox’s focus on innovation, a sudden rise in demand for disinfecting products stemming from the COVID-19 situation and IGNITE strategy places it well for the future. 2 share positions in their respective markets. @/i, failureMessage: "A valid email address is required", negate: "true"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom5 = document.querySelector('#form1783 #field5');var field5 = new LiveValidation(dom5, {validMessage: "", onlyOnBlur: false, wait: 300});field5.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. Plus, you’d be earning $18,623 in dividends this year. Still, even with a somewhat elevated payout ratio of 62%, Clorox's dividend appears safe. As shown in the table below, Clorox has had high dividend growth for the last 3 years. Note: We have rounded the number of shares because you cannot purchase a fractional number of shares. Last Dividend Paid refers to dividend per share(DPS) paid to the shareholder the last time dividends were issued by Clorox. Yes, Clorox Company (The) (CLX) has paid dividends. Date Rec. And next year it would grow even more! Retailers have sharpened their elbows to gain an edge against their competitors in the race for consumer dollars, and they've found that private label products give them an advantage. The Illinois High Impact Business Dividend Designation is available here. Clorox Dividenden Nachrichten. Based on the recent stock price, the dividend payout puts the Clorox stock dividend yield at 2.2%. Stock Advisor launched in February of 2002. Can I buy shares of Clorox stock through the company? Right now does not appear to be a good buying opportunity, as Clorox stock trades significantly above its 10-year average and at ~124% of our fair value estimate. … Typically, a payout ratio of 30-50% is considered safe. The previous Daimler AG dividend was 90¢ and it went ex 6 months ago and it was paid 6 months ago. First of all, check your monthly dividend income. Enter up to 25 symbols separated by spaces. Specialty Products and International segments, include the production and marketing of non-durable consumer products sold primarily through grocery and other retail stores. 1 or No. Quarter one and quarter two of 2020 Clorox declared a quarterly dividend of $1.06. We explore these questions in detail in this guide. Of course, every stock on the list is a February dividend payer. 1 Year: 3 Years: 5 Years: 7 Years: 10.4%: 9.8%: 7.5%: 7.5% : And Clorox management recently announced the Clorox dividend increase for their fiscal 2021 quarterly dividend payments. You can purchase shares before the 3rd of November in order to receive the dividend, which the company will pay on the 20th of November. Forget Procter & Gamble, Clorox Is a Better Dividend Growth Stock 3 Top Consumer Staples Stocks to Watch In December Analyst Sees 34% Upside in Clorox Stock as Sales Growth Accelerates Beyond its bleach, Clorox has a portfolio of well-known consumer products that hold the No. Where it looked like it may have resolved its issues earlier in 2019, and it raised its dividend 10%, the past few quarters were disappointing once again as organic sales have fallen below expectations. )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Conclusion… Amazon does not pay a dividend yet. Pay tax on over £10,000 in dividends You’ll need to fill in a Self Assessment tax return . The historical dividend information provided is for informational purposes only, and is not intended for trading purposes. )+[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