Thursday, June 11, 2009

Clorox hikes dividend 9%

The maker of Brita® filters and Liquid Plumr® has raised it's dividend by 9%. Consumer products firm Clorox (CLX) announced a dividend raise today from $0.46 to $0.50 per share. I own shares of Clorox and it certainly feels like it has been a while since my last dividend raise within my portfolio. It is welcome news indeed.

Here is a glance at Clorox's recent dividend history:

Fiscal 2005 = $1.10
Fiscal 2006 = $1.14
Fiscal 2007 = $1.20
Fiscal 2008 = $1.60
Fiscal 2009 = $1.84
Fiscal 2010 = $2.00 (EST)

This represents a compound growth rate of the dividend of 12.7%.


Dividend Growth Investor said...

I was expecting a dividend raise in late May, but early june works just as fine for me ;-)
Now if only I could get a small pullback in CLX, that would be splendid ;-)

Bill G. said...

I too am looking for a small pullback in CLX and I'm thinking we might just get it in late June or July.