Clorox 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.
|Date||September 16, 2015|
|* as at time of purchase