Dividend Aristocrat Clorox (CLX) will raise its quarterly dividend by 4.7 percent to $1.11 per share in 2020. This follows a 10.4 percent hike to $1.06 per share in 2019 and will mark the 43rd consecutive year of dividend increases by the manufacturer and marketer of consumer and professional products.

The next dividend is payable August 14, 2020, to stockholders of record as of the close of business on July 29, 2020. A new annual rate of $4.44 per share yields 2.2% at a stock price of $201.72.

"We are pleased to raise our dividend by 5%, building on nearly 20 consecutive years of dividend increases," said Chair and CEO Benno Dorer in the company's press release dated May 19, announcing this dividend hike. "As we continue to deliver healthy cash flows, our ongoing priority is to invest in business growth behind our IGNITE strategy. We also remain committed to returning cash to 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.