Share prices of Clorox (NYSE: CLX) fell 14.5% on Friday after the company reported worse-than-expected quarterly results and slashed its full-year guidance. The sell-off puts Clorox's stock price down 19% year to date and 39% down from its all-time high set in August 2020.
However, the company appears to be making enough in profits to be able to distribute an expected $4.64 per share to investors through its dividend, representing a yield of 3.3%.
Income investors are probably wondering if they can count on Clorox's ability to continue paying and raising its dividend in the years to come. Let's take a closer look at this consumer staple giant and see if we have an answer.
For further details see:
Is This Dividend Aristocrat's 3.3% Dividend Yield in Jeopardy?