Dividend Aristocrat Overview: The Clorox Company

About The Clorox Company

The Clorox Company is a worldwide manufacturer of consumer and professional cleaning products.  Clorox markets many well known brand names, including Clorox bleach, Green Works and Pine-Sol cleaners, Fresh Step cat litter, Glad bags, wraps and containers, Kingsford charcoal, Hidden Valley and KC Masterpiece dressings and sauces, Brita water filter products, and Burt’s Bees personal care products.  Almost 90 percent of Clorox’s brands have a Number 1 or Number 2 market share positions in the particular categories.

The company is a member of the S&P 500 index and is traded under the stock symbol CLX.

Clorox’s Dividend and Stock Split History

Clorox has been an S&P Dividend Aristocrat since 2002, and has increased dividends for 36 consecutive years as of 2013.  Clorox usually increases the dividend in the 3rd quarter of the calendar year and the next increase is expected to be announced in May 2014 and to be paid in July 2014.

Clorox’s dividend growth has been consistent over time.  From 2012 – 2013, Clorox increased their dividend by 8.87%.  In addition, Clorox has a 5 and 10 year annualized compounded dividend growth rate of 9.44% and 10.67%, respectively.  The 10 year compounded growth rate was powered by double-digit percentage dividend growth in 2007, 2008 and 2009, including dividend growth over 20% in 2007 and 2008.  Over the last 25 years – starting in 1988 – Clorox has compounded their dividend by just shy of 10% per year.

Clorox has split its stock four times, each time doubling the number of outstanding shares.  2 for 1 splits occurred in October 1972, June 1987, July 1997, and July 1999.

Direct Purchase and Dividend Reinvestment Plans

Clorox has both a direct stock purchase and dividend reinvestment plan.  Investors are charged fees for stock purchases through the direct stock purchase plan, but not the dividend reinvestment plan.  For the direct stock purchase plan, there is a $15 initial participation fee (charged once) and fee on direct purchases by check or electronic bank debit of $5 plus 3 cents per share.  For one-time direct purchases, the minimum purchase is $250.  Investors can also set up an automatic recurring bank debit.  In this case, the minimum purchase per debit is $50 and Clorox pays the purchase fees (the $5 plus 3 cents per share fees).  Clorox pays all purchase fees when reinvesting dividends.

Investors are charged $15 plus 12 cents per share when selling Clorox stock accumulated through the plans.

Helpful Links

The Clorox Company Investor Relations Website

Current quote and financial summary for The Clorox Company (from finviz.com)

The Clorox Company Direct Purchase and Dividend Reinvestment Plan Page

One thought on “Dividend Aristocrat Overview: The Clorox Company

  1. Pingback: This Week with the S&P Dividend Aristocrats - May 17, 2014

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