Monday, May 11, 2015
CLX raises dividend 4.05% --- New yield is 2.88%
Today Clorox announced that it is raising its quarterly dividend from $.74 to $.77 a share. This is a 4.05% increase and the new yield is 2.88%.
The record date is July 22nd and the pay date is August 7th.
Since I currently own 54.45 shares, my yearly dividends will increase by $6.53.
While I was hoping for a larger increase, 4% is not surprising especially after the 3% increase from Procter last month.