Dividend Aristocrat Clorox (CLX) will raise its quarterly dividend by 4.5 percent to $1.16 per share in 2021. This follows a dividend hike of 4.7 percent last year and marks the 44th consecutive year of dividend increases by CLX.
The dividend is payable August 13, 2021, to stockholders of record as of the close of business on July 28, 2021. A new annual rate of $4.64 per share yields 2.5% at a stock price of $178.
Clorox has a long history of providing value to its stockholders through regular dividends. The company has increased its dividend for nearly 20 consecutive years and has paid an annual dividend for more than 50 consecutive years – ever since it became independent again following a decade of outside ownership.
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.