Church & Dwight (CHD) will raise its quarterly dividend by 4.6 percent to $0.2275 per share in the first quarter of 2019. This marks the 23rd consecutive year of dividend increases by the household products company.

The quarterly dividend will be payable March 1, 2019 to stockholders of record at the close of business on February 15, 2019. This is the 23nd consecutive year in which the Company has increased the dividend.

Matthew Farrell, Chief Executive Officer, commented, “This action reflects the Company’s desire for stockholders to benefit from our strong cash generation and is an indication of our confidence in the continuation of the Company’s strong performance. The Company expects to continue to generate significant cash flow. Our robust cash flow enables us to return cash to our stockholders while maintaining significant financial flexibility to continue to pursue acquisitions.”

Church & Dwight Co., Inc. manufactures and markets a range of personal care, household and specialty products. The company is a producer of sodium bicarbonate, popularly known as baking soda, a natural product that cleans, deodorizes, leavens and buffers. Its brands include Arm & Hammer, Oxiclean, Trojan and L'il Critters and Vitafusion, among others. The Company also sells specialty products to industrial customers and distributors. The company’s Consumer International segment markets a range of personal care products, household and over-the-counter products in international markets, including Canada, France, China, Australia, the United Kingdom, Mexico and Brazil. The Church & Dwight Co., Inc. was founded in 1846 and has paid a regular consecutive quarterly dividend since 1901.