Dividend Aristocrat Clorox (CLX) will raise its quarterly dividend by 10.4 percent to $1.06 per share in 2019. This marks the 42nd consecutive year of dividend increases by CLX.

The dividend is payable Aug. 16, 2019, to stockholders of record as of the close of business on July 31, 2019. A new annual rate of $4.24 per share yields 2.9% at a stock price of $148.50.

"Rewarding our stockholders has always been a priority," said Chair and CEO Benno Dorer. "This double-digit increase in our dividend is on top of last year's 14% increase. It represents an ongoing effort to put our strong cash flow generation to work, which emphasizes investing in long-term business growth and returning excess cash to our stockholders."

The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company's principal products include household cleaning and bleach products, charcoal, cat litter, automotive care products, dressings, and trash bags. Its brands include Pine-Sol cleaners; Liquid Plumr clog removers; Poett home care products; Fresh Step cat litter; Glad bags, wraps and containers; Kingsford charcoal; Hidden Valley dressings and sauces; Brita water-filtration products; Burt's Bees natural personal care products; and Renew Life digestive health products.