On April 24 Clorox is going ex-dividend with a payout of 96 cents per share, which is 14% higher than its previous payout of 84 cents per share. Clorox is currently the highest-yielding stock in the cleaning products industry.
In recent years, the owner of the famous Pine-Sol cleaner has been slowly entering businesses that are beyond just cleaning products. Its recent acquisition of Nutranext for $700 million is a strategic move to enter the health and wellness arena, which is considered a high-margin industry. This is the company’s second major acquisition in the health and wellness space after it acquired RenewLife in 2016. According to a report by Grand View Research, the global dietary supplements market is expected to reach $278 billion by 2024. Clorox now has a growing portfolio of brands that cover everything from disinfecting wipes to garbage bags. Dividend investors viewed this move positively as Clorox moved up three places from the 72nd to the 69th rank.
Another major mover last week also belonged to the consumer goods space as Kimberly-Clark moved up two spots from the 30th to the 28th position, again on the back of a dividend increase. Colgate-Palmolive continued its strong upsurge on this list by moving up a spot to the 90th position. Cereal giant Kellogg also moved up two spots from 76th to the 74th position as the broader theme of buying consumer goods stocks as a safe bet when the markets start having second thoughts continued to play.
Our Most Watched Stocks List is a user-generated, interest-based ranking of dividend-paying stocks, giving you a real-time snapshot of buying interest in the market. Generated by our Premium members’ watchlists, it’s aggregated and ranked by the most watched criteria.
The list has been designed to help income investors navigate the top dividend stocks being tracked by one of the world’s most advanced investing communities.
