This Iconic Dividend Stock Is Doing Exactly What It Promised
No business survives for more than 100 years, as (NYSE: CLX) has, without going through some ups and downs along the way. Clorox currently faces some notable headwinds. The question for investors is whether or not management can muddle through them. So far it's doing a pretty good job.
Clorox's history dates back more than a century, but dividend investors will likely be more interested in its 46-year streak of annual dividend increases. The current yield is around 2.7%, which, while not exactly a screaming buy, is fairly attractive, historically speaking. Notably, the dividend has been increased at a compound annual rate of nearly 6.5% over the past decade. That is around twice the historical rate of inflation growth, so over time the buying power of the consumer staples maker's dividend has increased.
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Source Fool.com
Clorox Co. Stock
Our community is currently low on Clorox Co. with 3 Buy predictions and 10 Sell predictions.
However, we have a potential of 2.99% for Clorox Co. as the target price of 124 € is above the current price of 120.4 €.
