CLX - Down 14.6% in the Last 3 Months This High-Yield Dividend Stock Has Become Too Cheap to Ignore
2024-06-19 04:36:00 ET
Despite a broader market rally, Clorox (NYSE: CLX) is hovering around its lowest level in the last six months. The company's latest earnings report and revised guidance have added fuel to a fire of disappointment among Clorox investors, who have seen the company go from a period of breakneck growth to getting caught offsides after pandemic-induced cleaning and hygiene habits proved to be temporary.
Here's what's going wrong for Clorox, why the valuation is attractive, and why the high-yield dividend stock is worth buying now.
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Down 14.6% in the Last 3 Months, This High-Yield Dividend Stock Has Become Too Cheap to Ignore