Dividend Aristocrat Clorox announces 1.7% dividend increase in 2022

Dividend Aristocrat Clorox (CLX) on July 12, 2022 declared a quarterly dividend of $1.18 per share. This will mark the 45th consecutive year of increased dividend by Clorox.

The Clorox Company (NYSE: CLX) announced today that its board of directors has declared a 2% increase in the quarterly dividend, from $1.16 to $1.18 per share on the company's common stock. The dividend is payable Aug. 12, 2022, to stockholders of record as of the close of business on July 27, 2022.

For Clorox this however is the smallest dividend increase in more than a decade with the average dividend growth rate in the last five years being 7.0%, even if we include this new 2022 dividend hike. 

Below we have published the Clorox dividend hikes since 2013 (source: dividendhike.com)

Clorox hiked its dividend by 4.5% last year.

Clorox has a long history of providing value to its stockholders through regular dividends. The company has increased its dividend for 20 consecutive years and paid an annual dividend for more than 50 consecutive years. At a stock price of $144 the dividend yield for Clorox is 3.3%.

The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company's principal products include household cleaning and bleach products, charcoal, cat litter, automotive care products, dressings, and trash bags. Its brands include 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; and Renew Life digestive health products.