Clorox Increases Quarterly Dividend to $1.22 Per Share

Rhea-AI Summary

Clorox (NYSE: CLX) has announced an increase in its quarterly dividend from $1.20 to $1.22 per share on the company's common stock. The dividend is payable on August 30, 2024, to shareholders of record as of the close of business on August 14, 2024. This move underscores Clorox's commitment to providing value to its shareholders through regular dividend payments and annual increases. The dividend hike, although modest, demonstrates the company's confidence in its financial stability and long-term growth prospects.

Positive

• Increased quarterly dividend from $1.20 to $1.22 per share
• Consistent history of providing shareholder value through regular dividends and annual increases
• Demonstrates company confidence in financial stability

Negative

• Modest 1.67% increase in dividend may not significantly impact shareholder returns
• Increased dividend payout may affect cash reserves for future investments or operations

OAKLAND, Calif., July 30, 2024 /PRNewswire/ -- The Clorox Company (NYSE: CLX) announced today that its board of directors has declared an increase to its quarterly dividend from $1.20 to $1.22 per share on the company's common stock. The dividend is payable August 30, 2024, to shareholders of record as of the close of business on August 14, 2024.

Clorox has a long history of providing value to its shareholders through regular dividend payments and annual dividend increases.

About The Clorox Company

The Clorox Company (NYSE: CLX) champions people to be well and thrive every single day. Its trusted brands, which include Brita®, Burt's Bees®, Clorox®, Fresh Step®, Glad®, Hidden Valley®, Kingsford®, Liquid-Plumr®, Pine-Sol® and Natural Vitality®, can be found in about nine of 10 U.S. homes and internationally with brands such as Clorinda®, Chux® and Poett®. Headquartered in Oakland, California, since 1913, Clorox was one of the first in the U.S. to integrate ESG into its business reporting. In 2024 the company was ranked No. 1 on Barron's 100 Most Sustainable Companies list for the second consecutive year. Visit thecloroxcompany.com to learn more.

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SOURCE The Clorox Company

FAQ

When will Clorox (CLX) pay its next dividend?

Clorox (CLX) will pay its next dividend on August 30, 2024, to shareholders of record as of the close of business on August 14, 2024.

What is the new quarterly dividend amount for Clorox (CLX)?

The new quarterly dividend amount for Clorox (CLX) is $1.22 per share, increased from the previous $1.20 per share.

How often does Clorox (CLX) increase its dividend?

While specific frequency is not mentioned in the press release, Clorox (CLX) states it has a history of annual dividend increases.

What is the percentage increase in Clorox's (CLX) quarterly dividend?

Clorox (CLX) has increased its quarterly dividend by approximately 1.67%, from $1.20 to $1.22 per share.