Clorox Continues to Increase Its Dividend

The Clorox Company (CLX), a maker of laundry and cleaning products, just increased its quarterly dividend 6 cents per share, or 15 percent, to 46 cents per share, for a 3.20 percent dividend yield. CLX has a long history of increasing its dividend, making the stock an excellent candidate for a long-term dividend reinvestment portfolio.

Currently, the stock is trading down from all-time highs set in May, 2007 and tested in October, 2007.

The up-close chart shows the possible formation of a falling wedge, a bullish pattern with lower lows and lower highs that are declining at a steeper rate than the declining lows. If CLX were to decline from current levels of $59, it has support around $51.

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Falling Wedge is a Bullish Pattern
Why Dividends Matter


Posted May 19, 2008.