Top 10 Dividend Stocks

6. The Clorox Company (NYSE:CLX)

Dividend Yield as of July 25: 3.19%

The Clorox Company (NYSE:CLX) is a California-based manufacturer that specializes in cleaning, lifestyle, and household products. In fiscal Q3 2022, the company reported cash and cash equivalents of $241 million, with total assets amounting to over $1.8 billion. It hiked its quarterly dividend by 1.7% on July 12 to $1.18 per share. The company has been a dividend payer for the last 50 years and has raised its dividends 20 years in a row. As of July 25, the stock’s dividend yield came in at 3.19%.

In July, Raymond James initiated its coverage of The Clorox Company (NYSE:CLX) with an Outperform rating and a $160 price target. The firm sees more potential for upside in the next 12 months.

In Q1 2022, 26 hedge funds tracked by Insider Monkey owned stakes in The Clorox Company (NYSE:CLX), down from 39 a quarter earlier. These stakes are collectively valued at nearly $570 million. Renaissance Technologies was the company’s largest stakeholder in Q1.