The Clorox Co. (CLX) said its board has approved a 5% increase in its quarterly dividend to $1.11 a share from $1.06. The new dividend will be payable Aug. 14 to shareholders of record as of July 29. Clorox blew past earnings estimates for its fiscal third quarter in a report published May 1, boosted by demand for disinfectant and other cleaning products during the coronavirus pandemic. Shares were not active premarket, but have gained 31% in the year to date, outperforming the S&P 500 , which has fallen 10%.
-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
May 20, 2020 06:09 ET (10:09 GMT)
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