#1 - Clorox (NYSE:CLX)
Clorox (CLX) - I’m going to start with a couple of stocks that should give investors some capital gain in the short term in addition to its dividend. Clorox (NYSE:CLX) is surging as investors anticipate demand for the company’s hand sanitizers and disinfectants will increase. “Clorox is clearly positioned for a short-term gain as everyone needs additional disinfectant,” said William Susman, managing director at Threadstone Advisors to Bloomberg.
CLX stock was already rising during 2020. The cold and flu season is normally a catalyst for the stock. However, the stock has been moving in stark contrast to the broader market and is now up approximately 10% for the year. The stock reached a record high of $174.17 on February 27.
Clorox has a dividend yield of 2.5% and pays out an annual dividend of $4.24 per share. The company is averaging 8.93% dividend growth over the last three years. CLX currently has 42 consecutive years of dividend growth.
About Clorox
The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.
Read More - Current Price
- $169.31
- Consensus Rating
- Reduce
- Ratings Breakdown
- 1 Buy Ratings, 9 Hold Ratings, 5 Sell Ratings.
- Consensus Price Target
- $155.00 (8.5% Downside)
