Year Record Of Increasing Dividends CLX

The Clorox Company (CLX) is a leading manufacturer and marketer of consumer products which generated fiscal year 2012 revenues of $5.5 billion. With 8,400 employees worldwide, the company manufactures products in more than two dozen countries and markets them in more than 100 countries.

Shareholder friendlyIn the last 8 years, the company has repurchased almost 40% of its outstanding shares.

Dividend AristocratThe company has paid dividends since 1968 . for 44 years. Most significantly, the company has increased its dividend for 35 consecutive years. This is a record not matched by many. According to Forbes, Clorox is one of 51 companies in the S 500 universe that has increased dividends for at least 25 years in a row, making it a member of the rather exclusive ‘Dividend Aristocrat’ club. The company boasts a 5 year dividend growth rate of 13.9%

Business driversClorox will celebrate its 100th Anniversary next May (2013). The largest international region is Latin America. These so called ‘Power Brands’ represent 90% of the Clorox portfolio.

These include Clorox branded bleach and cleaners, 409 cleaner, Tilex shower cleaner, Pine Sol cleaners, Liquid Plumber, SOS pads and cleaners, Glad bags and containers, Hidden Valley dressings, Kingsford charcoal, Brita water filtration, Fresh Step cat litter, plus brands that are recognized and only sold internationally.

Stock price and resultsCurrent price ( close on October 25, 2012) is $72.81 with an annual dividend yield of 3.5%. The 52 week change is 7.9%, which is LESS than the S change of 9.67%. In FY2012 the company achieved 5% sales revenue growth.

Diluted net earnings per share:

2009 $3.33

201 0 $3.69

2011 $3.93

2012 $4.10

ConclusionsClorox is a solid and growing company and commands an increasing presence on retailer’s shelves across the United States and in over 100 countries around the world. As a retiree counting on dividend income, this is an important part of my overall portfolio and an appropriate select ion for others building a dividend income stream. The 35 year track record of consistently increasing dividends is likely to continue. Plus, I am encouraged about the promotional opportunities the Clorox 100 year anniversary will bring in 2013 as the company continues to build brand loyalty into the future.

Source: Clorox, A Shareholder Friendly Company With A 35 Year Record Of Increasing Dividends

Disclosure: I am long CLX. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More.)

year Qatar bank deal

Tata Consultancy Services will provide a range of technology outsourcing services to the Commercialbank of Qatar as part of a five year deal worth of millions of dollars’.

TCS will provide application development and maintenance and render back office or BPO services to the Doha headquartered Commercialbank, sources said.

Howeve r, the current arrangement is a complete services deal and does not provide fo r the deployment of TCS BaNCS, the company’s flagship suite of software products.

The TCS Chief Executive Officer and Managing Director, Mr N. Chandrasekaran, said the company would not comment on individual client wins.

A statement on the Commercialbank Web site said, agreement has an initial term of five years, and provides the basis for a strategic relationship between Commercialbank and TCS under which TCS can also provide services to other companies affiliated to Commercialbank.

Commercialbank has strategic partnerships with associated banks such as the National Bank of Oman and United Arab Bank, it said.

With total assets o f QAR 70.4 billion (Rs 95,040 crore ) as on September 30 this year, Commercialbank is a full services bank that offers a range of corporate, retail, Islamic, and investment banking services.

The Qatar Exchange listed bank’s countrywide network includes 34 full service branches and 148 ATMs.

In the last few quarters, TCS has been steadily adding new clients to its financial services practise which accounts for a lion’s share of its overall revenues.