Clorox Raises Dividend Almost 11%
Consumer products giant Clorox is raising its fiscal 2013 third-quarter dividend to $0.71 per share, up almost 11% from the prior rate of $0.64 per share, the company announced yesterday.
The board of directors said the quarterly dividend is payable on Aug. 9 to the holders of record at the close of business on July 24. Clorox has increased the payout every year since 1977.
The regular dividend payment equates to a $2.84-per-share annual dividend yielding 3.3% based on the closing price of Clorox's stock on May 13.
CLX Dividend data by YCharts.
The article Clorox Raises Dividend Almost 11% originally appeared on Fool.com.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
