Portfolio New Addition: Clorox

A United State-based manufacturer and marketer of consumer and professional products, Clorox is one of the companies in the consumer sector that I have invested in. A look at the rationale behind investing in Clorox and a reminder to why I should continue holding on to it.

Clorox products | Investor Monkey

Clorox logo | Investor MonkeyClorox Co (NYSE: CLX) is a United States-based manufacturer and marketer of consumer and professional products. The Company sells its products through mass retail outlets, e-commerce channels, distributors, and medical supply providers. The Company operates through strategic business units that are aggregated into four reportable segments: Cleaning, which consists of laundry, home care and professional products marketed and sold in the United States; Household, which consists of charcoal, cat litter and plastic bags, wraps and container products; Lifestyle, which includes food products, water-filtration systems and filters and natural personal care products, and International, which consists of products sold outside the United States, such as laundry, home care, water-filtration, charcoal and cat litter products, dressings and sauces, plastic bags, wraps and containers and natural personal care products.

Rationale for Addition to Portfolio

Clorox have grown their dividends at 8.6% annually on average over the last five years. Payout ratio is on the high at 68.4% in fiscal year 2015. Being manufacturer of consumer products means that the sales for Clorox product should see constant revenue from the sale of their products.

Transaction Details

Date September 16, 2015
Shares 4
Price 111.70
Yield (TTM)* 2.70%
* as at time of purchase

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