Clorox Improves Quarterly Dividend By 9%
- June 11, 2009
- Dividend News, Dividend Stocks, High Yield Dividend Stocks
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Clorox Corporation (CLX: 68.45 +0.10%) announced today that its Board of Directors has approved a 9% increase in their quarterly dividend to $.50 per share.
Clorox’s current dividend yield now stands at 3.7%.
The dividend will be payable on August 14, 2009 to shareholders of record as of July 27, 2009.
“We’re proud of our long track record of returning cash to our shareholders,” said Chairman and CEO Don Knauss. Total annual dividends paid to Clorox shareholders have increased each year since 1977.
The company also reaffirmed their fiscal 2010 financial outlook with sales expected to increase 1 – 2%.
The stock spiked on news of the dividend increase in early morning trading. However, by mid-morning CLX was up only 0.4% to $53.72. Since the beginning of 2009, Clorox’s shares have fallen 3%.
