Clorox: Dividend Insights
Portfolio Pulse from Benzinga Insights
Clorox (NYSE:CLX) has announced a quarterly dividend of $1.2 per share, payable on November 09, 2023. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders owning the stock by the end of Monday's session will be eligible for the dividend.
October 19, 2023 | 2:45 pm
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Clorox's announcement of a $1.2 per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which can lead to a short-term decrease in the stock price. However, this is a regular part of the dividend process and not a reflection of the company's performance. Investors who hold the stock through the ex-dividend date will receive the dividend, which they can reinvest back into the stock or use in other ways.
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