Clorox Raises Dividend Almost 11%
May 14th 2013 2:52PM
Updated May 14th 2013 3:35PM
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.
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