Clorox Rasies Dividend for 37th Consecutive Year
Clorox bleach – I have a big bottle of it in my laundry room, odds are you do too.
Clorox announced a $0.74 quarterly dividend today payable Aug 8 for shareholders of record on July 23. That’s a 4.2% raise from the previous $0.71 quarterly dividend. I know, not a spectacular dividend growth rate for this year especially compared to last year’s 10.9% increase, but companies generally don’t make large increases every year. As an old coworker of mine used to say: “It beats a poke in the eye with a sharp stick,” and it still beats the average inflation rate of 3.7%.
The year-over-year dividend growth rate (assuming another $0.74 dividend payment in Nov) comes to a 7.4% increase. The following chart shows the actual annual dividend growth rate percentages, with a 15 year average of 9.5%. This year’s increase makes 37 consecutive years that Clorox has increased its dividend payment. A phenomenal record for this rather boring consumer staple company founded in 1913!
| 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 15 |
| vs. | vs. | vs. | vs. | vs. | vs. | vs. | vs. | vs. | vs. | vs. | vs. | vs. | vs. | vs. | Year |
| 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | Avg |
| 7.4% | 8.9% | 7.8% | 9.5% | 9.4% | 11.6% | 13.2% | 31.0% | 3.6% | 3.7% | 10.2% | 15.3% | 1.2% | 2.4% | 7.9% | 9.5% |
In other dividend news
It was payday for owners of Air Products & Chemicals (APD) as it paid its quarterly dividend of $0.77 per share today! Our Dividend Geek portfolio owns APD and collected $10.45. I received $170.83 today from APD shares held in all my accounts. Gotta love the payday cha-ching!
All the best,
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