Church & Dwight Co., Inc. (NYSE:CHD) declared a quarterly dividend on Tuesday, February 5th, RTT News reports. Investors of record on Friday, February 15th will be given a dividend of 0.2275 per share on Friday, March 1st. This represents a $0.91 annualized dividend and a yield of 1.51%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.22.
Church & Dwight has increased its dividend by an average of 9.1% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Church & Dwight has a payout ratio of 39.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Church & Dwight to earn $2.48 per share next year, which means the company should continue to be able to cover its $0.91 annual dividend with an expected future payout ratio of 36.7%.
Church & Dwight stock opened at $60.46 on Wednesday. The company has a market cap of $16.10 billion, a P/E ratio of 31.16, a P/E/G ratio of 2.69 and a beta of 0.24. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77. Church & Dwight has a one year low of $44.87 and a one year high of $69.49.
Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Tuesday, February 5th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Church & Dwight had a return on equity of 25.00% and a net margin of 20.25%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. Sell-side analysts expect that Church & Dwight will post 2.29 EPS for the current year.
In other Church & Dwight news, EVP Maynadier Patrick D. De sold 139,320 shares of the business’s stock in a transaction on Monday, January 14th. The stock was sold at an average price of $66.72, for a total transaction of $9,295,430.40. Following the completion of the transaction, the executive vice president now owns 40,650 shares in the company, valued at approximately $2,712,168. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Richard A. Dierker sold 16,880 shares of the business’s stock in a transaction on Monday, January 7th. The stock was sold at an average price of $66.25, for a total value of $1,118,300.00. Following the transaction, the vice president now owns 18,776 shares of the company’s stock, valued at approximately $1,243,910. The disclosure for this sale can be found here. Insiders have sold a total of 218,980 shares of company stock valued at $14,528,327 in the last 90 days. Insiders own 2.00% of the company’s stock.
Several equities research analysts have issued reports on CHD shares. Jefferies Financial Group lifted their price objective on Church & Dwight from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, October 29th. Morgan Stanley set a $58.00 price objective on Church & Dwight and gave the stock a “sell” rating in a report on Thursday, December 20th. Deutsche Bank downgraded Church & Dwight from a “hold” rating to a “sell” rating and set a $51.00 price objective on the stock. in a report on Wednesday, October 10th. Barclays set a $54.00 price objective on Church & Dwight and gave the stock a “sell” rating in a report on Saturday, November 3rd. Finally, Citigroup lifted their price objective on Church & Dwight from $60.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $60.76.
Church & Dwight Company Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; and water flossers and replacement showerheads under the WATERPIK brand.
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