Clorox Hikes Dividend for 33rd Consecutive Year

Clorox [[CLX]] announced yesterday that the company will increase their dividend by 10%. The quarterly dividend payment will improve from $.50 per share to $.55 per share.


Following the dividend hike, Clorox stock will yield 3.4% based on yesterday’s closing price.


The dividend increase marks the 33rd consecutive year that Clorox has increased their annual dividend payout – dating back to 1977.


The dividend will be payable on Aug. 13, 2010, to shareholders of record as of July 28, 2010.


Since the beginning of 2010, Clorox shares have increased 4.7% and have outperformed the 1.9% decline in the S&P 500.


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