CLX Raises Dividend for 49th Straight Year, Yield Hits 5.1%
What happened
Clorox (CLX) has extended its consecutive annual dividend increase streak to 49 years, pushing its current yield to 5.1%. The raise reinforces the company's standing as a near-Dividend Aristocrat, with the payout growth continuing through a period of cost pressures and volume recovery following prior-year supply disruptions. Management has maintained dividend growth as a stated capital allocation priority.
The QL Read
In a risk-off tape where only 42% of issues are advancing, CLX's defensive income profile draws attention. The engine's composite score of 69/100, with shares up 1.12% on the session, is consistent with rotational interest toward higher-yielding defensive names.
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