Clorox Increases Quarterly Dividend 2% to $1.18 Per Share

Rhea-AI Summary

The Clorox Company (NYSE: CLX) has declared a 2% increase in its quarterly dividend, raising it from $1.16 to $1.18 per share. The dividend will be payable on August 12, 2022, to shareholders recorded by the close of business on July 27, 2022. Clorox has a strong history of returning value to shareholders, having increased its dividend for 20 consecutive years and maintained annual dividends for over 50 years.

In fiscal year 2021, Clorox reported sales of $7.3 billion, with over 80% of its sales generated from brands holding top market positions.

Positive

• Quarterly dividend increased by 2% from $1.16 to $1.18
• 20 consecutive years of dividend increases
• Over 80% of sales from leading market share brands

Negative

• None.

OAKLAND, Calif., July 12, 2022 /PRNewswire/ -- The Clorox Company (NYSE: CLX) announced today that its board of directors has declared a 2% increase in the quarterly dividend, from $1.16 to $1.18 per share on the company's common stock. The dividend is payable Aug. 12, 2022, to stockholders of record as of the close of business on July 27, 2022.

Clorox has a long history of providing value to its stockholders through regular dividends. The company has increased its dividend for 20 consecutive years and paid an annual dividend for more than 50 consecutive years.

The Clorox Company

The Clorox Company (NYSE: CLX) is a leading multinational manufacturer and marketer of consumer and professional products with about 9,000 employees worldwide and fiscal year 2021 sales of $7.3 billion. Clorox markets some of the most trusted and recognized consumer brand names, including its namesake bleach and cleaning products; Pine-Sol^® cleaners; Liquid-Plumr^® clog removers; Poett^® home care products; Fresh Step^® cat litter; Glad^® bags and wraps; Kingsford^® grilling products; Hidden Valley^® dressings and sauces; Brita^® water-filtration products; Burt's Bees^® natural personal care products; and RenewLife^®, Rainbow Light^®, Natural Vitality CALM™, and NeoCell^® vitamins, minerals and supplements. The company also markets industry-leading products and technologies for professional customers, including those sold under the CloroxPro™ and Clorox Healthcare^® brand names. More than 80% of the company's sales are generated from brands that hold the No. 1 or No. 2 market share positions in their categories.

Clorox is a signatory of the United Nations Global Compact and the Ellen MacArthur Foundation's New Plastics Economy Global Commitment. The company has been broadly recognized for its corporate responsibility efforts, included on the Barron's 2022 100 Most Sustainable Companies list, 2022 Bloomberg Gender-Equality Index, the Human Rights Campaign's 2022 Corporate Equality Index and the 2021 Parity.org Best Places for Women to Advance list, among others. In support of its communities, The Clorox Company and its foundations contributed about $20 million in combined cash grants, product donations and cause marketing in fiscal year 2021. For more information, visit TheCloroxCompany.com and follow the company on Twitter at @CloroxCo.

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SOURCE The Clorox Company

FAQ

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

The new quarterly dividend for Clorox (CLX) is $1.18 per share.

When will the Clorox dividend be paid?

The Clorox dividend will be payable on August 12, 2022.

What is the record date for Clorox's dividend payment?

The record date for Clorox's dividend payment is July 27, 2022.

How long has Clorox been increasing dividends?

Clorox has increased its dividends for 20 consecutive years.

What were Clorox's sales in fiscal year 2021?

Clorox reported sales of $7.3 billion in fiscal year 2021.