Church & Dwight Declares $0.28 Dividend, Marking 39 Years of Annual Increases

Church & Dwight Co Inc announces a quarterly dividend of $0.28 per share, payable on June 3, 2024, to shareholders of record on May 15, 2024. This marks the company's 39th consecutive year of annual dividend increases, demonstrating its financial stability and commitment to rewarding shareholders.

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Nitish Verma
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Church & Dwight Declares $0.28 Dividend, Marking 39 Years of Annual Increases

Church & Dwight Declares $0.28 Dividend, Marking 39 Years of Annual Increases

Church & Dwight Co Inc (NYSE: CHD) has announced a quarterly dividend of $0.28 per share, payable on June 3, 2024, to shareholders of record on May 15, 2024. The ex-dividend date is set for May 14, 2024. This payout represents a 1.14% dividend on an annualized basis and a dividend yield of 1.03%.

Why this matters: The company's consistent dividend increases demonstrate its financial stability and commitment to rewarding shareholders, making it an attractive option for investors seekingreliable income streams. This announcement also underscores the importance of dividend-paying stocks in investors' portfolios, particularly in times of market volatility.

The household and personal products company boasts an impressive track record of consistently increasing its annual dividend. Church & Dwight has achieved this feat for 39 consecutive years, showcasing its commitment to rewarding shareholders and maintaining a strong financial position.

With a market capitalization of $26.24 billion, Church & Dwight maintains a debt-to-equity ratio of 0.54, a current ratio of 1.33, and a quick ratio of 0.82. The company's stock has been trading with a 50-day moving average price of $104.34 and a 200-day moving average price of $98.39. Institutional investors and hedge funds hold a significant stake in the company, owning 86.60% of its stock.

Recent insider transactions include EVP Michael Read selling 9,000 shares at an average price of $100.95 on March 4th, for a total value of $908,550.00, and EVP Barry A. Bruno selling 9,926 shares at an average price of $104.55 on March 13th, for a total transaction of $1,037,763.30.

Analysts have been actively covering Church & Dwight, with several firms adjusting their price targets and ratings on the stock. Deutsche Bank Aktiengesellschaft increased their price objective from $109.00 to $112.00 and gave the stock a buy rating. TheStreet upgraded shares from a "c" rating to a "b" rating. Barclays decreased their target price from $83.00 to $82.00 and set an underweight rating. Stifel Nicolaus increased their price target from $91.00 to $99.00 and gave the company a hold rating. Royal Bank of Canada boosted their price objective from $94.00 to $103.00 and gave the stock a sector perform rating.

Church & Dwight's latest dividend announcement underscores the company's strong financial position and its dedication to providing consistent returns to shareholders. With a 39-year history of annual dividend increases, the company has established itself as a reliable income generator for investors.

Key Takeaways

  • Church & Dwight announces $0.28 quarterly dividend, payable June 3, 2024.
  • Dividend yield is 1.03%, with a 39-year history of annual increases.
  • Company has a strong financial position, with low debt and high institutional ownership.
  • Analysts have mixed ratings, with targets ranging from $82 to $112.
  • Church & Dwight is an attractive option for investors seeking reliable income streams.