Clorox raises dividend for 40th straight year

Clorox (CLX) will raise its dividend by 5% in 2017.

Dividend Aristocrat Clorox will increase its quarterly dividend to $0.84 per share, marking the 40th consecutive year of dividend increases.

The dividend will be payable on Aug. 4, 2017, to stockholders of record as of the close of business on July 19, 2017. Total annual dividends paid to Clorox shareholders have increased each year since 1977.

Based on a stock price of $132.62 Clorox currently has an estimated dividend yield of 2.5%. Year-to-date the stock has gained 10.5%, giving Clorox a $17.1 billion market cap.

Out of 18 analysts only 2 rate Clorox a buy at the moment, with 14 ' hold' recommendations and 2 'sells'. The average target price is $133.07 (just 0.3% above Thursday's closing price).

The Clorox Company 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.

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