Clorox is the latest in dividend increases from my portfolio. I included a snapshot of all the brand diversity that Clorox has from their website.
Clorox announced yesterday a quarterly dividend increase of $0.03 from $0.71 to $0.74 per share that’s payable August 8, 2014 to holders of record as of July 23, 2014. This latest increase was 4.2%. This increase was lower than expected especially after an 11% increase last year.
This will be the 37th straight year of dividend increases for CLX!
Shares are over 30% above my cost basis with a P/E of more than 20. That’s higher than I’d like to see especially with smaller dividend growth. I like the company and want to own more but it’s difficult to buy at these prices.
Since I own 51 shares, this will increase my yearly dividends by $6.21. This is the 20th stock in my portfolio to increase their dividend already this year.
You can find all of my dividend increase announcements here.