3 Dividend Stocks That You Can Keep Throughout Your Life - Clorox

1- Clorox

Anyone who uses cleaning products in their home has definitely come across one of the brands of Clorox (NYSE: CLX). The company's portfolio of brands includes Calm, Glad, Pine-Sol, and Brita. These brands have a wide range of products from bleach to water filtration. Most of the brands owned by Clorox are leaders in their category, and these products are used in 90 percent of homes in the USA.

What investors overlook is that Clorox is also an excellent dividend payer.

Over the past 20 years, the share's total annual dividend payments have increased by 9 percent. Clorox pays about five times more dividends today than 20 years ago (increased from $ 0.83 to $ 4.39). For the last quarter, the board approved a quarterly dividend of $ 1.11 per share or $ 4.44 per year.

The company has impressively increased its annual dividend payments over 43 years!

This clean record seems to continue. In the report announced in the second quarter of the 2021 fiscal year, Clorox reported a 27 percent increase in its sales on an annual basis due to the increase in demand for cleaning products due to the epidemic. Management guided earnings per share increase by 9 to 12 percent and an annual sales growth of 10 to 13 percent. The company has confirmed that its popular disinfectants are effective against the three most common variants of the coronavirus available, which will surely result in an additional sales increase for the company.   Source: https://www.fool.com/ You may also be interested in:

Stocks That Have Made Their Mark In The Last 10 Years – Pinterest