OAKLAND, Calif., May 20, 2019 /PRNewswire/ -- The Clorox
Company (NYSE: CLX) today announced that its board of directors has
declared a 10% increase in the quarterly dividend, from
96 cents to $1.06 per share on the company's common stock.
The dividend is payable Aug. 16,
2019, to stockholders of record as of the close of business
on July 31, 2019.
"Rewarding our stockholders has always been a priority," said
Chair and CEO Benno Dorer. "This
double-digit increase in our dividend is on top of last year's 14%
increase. It represents an ongoing effort to put our strong cash
flow generation to work, which emphasizes investing in long-term
business growth and returning excess cash to our stockholders."
This marks the 42nd consecutive year that total
annual dividends paid to Clorox stockholders have increased.
The Clorox Company
The Clorox Company (NYSE: CLX) is a leading
multinational manufacturer and marketer of consumer and
professional products with approximately 8,700 employees worldwide
and fiscal year 2018 sales of $6.1 billion. Clorox markets
some of the most trusted and recognized consumer brand names,
including its namesake bleach and cleaning products;
Pine-Sol® cleaners;
Liquid-Plumr® clog removers;
Poett® home care products; Fresh
Step® cat litter; Glad® bags, wraps
and containers; Kingsford® charcoal; Hidden
Valley® dressings and sauces;
Brita® water-filtration products; Burt's
Bees® natural personal care products;
RenewLife® digestive health products; and Rainbow
Light®, Natural Vitality® and
NeoCell® dietary supplements. The company also markets
brands for its industry-leading healthcare and commercial cleaning
products under the CloroxPro™ and Clorox Healthcare®
names. More than 80% of the company's sales are generated from
brands that hold the No. 1 or No. 2 market share
positions in their categories.
Clorox is a signatory of the United Nations Global Compact, a
community of global leaders committed to sustainability. The
company has been broadly recognized for its corporate
responsibility efforts, included on CR Magazine's 2019 100 Best
Corporate Citizens list, Barron's 2019 100 Most Sustainable
Companies, the Human Rights Campaign's 2019 Corporate Equality
Index and the 2019 Bloomberg Gender Equality Index, among others.
In support of its communities, The Clorox Company and its
foundations contributed about $20 million in
combined cash grants, product donations and cause
marketing in fiscal year 2018. For more information,
visit TheCloroxCompany.com, including the Good Growth blog,
and follow the company on Twitter at @CloroxCo.
CLX-F
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SOURCE The Clorox Company