Year Record Of Increasing Dividends CLX
The Clorox Company (CLX) is a leading manufacturer and marketer guess.ca 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 ( guess.ca 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:
201 guess.ca 0 $3.69
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 guess.ca 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.)