The Clorox Company's (CLX) Dividend History Makes it a Leader in Safest High Dividend Stocks

The Clorox Company (NYSE:CLX) is included among the 10 Safest High Dividend Stocks to Buy Now.

The Clorox Company (NYSE:CLX) is a consumer goods company recognized for its wide range of products, including household cleaners, disinfecting wipes, bleach, trash bags, grilling items, cat litter, and food condiments. Around 80% of its sales come from brands that rank first or second in their categories, based on FY24 results. Strong brand recognition and customer loyalty support its pricing power, particularly in the competitive US retail and grocery markets.

The Clorox Company (NYSE:CLX) is currently focused on strengthening brand value, keeping its supply chain resilient, driving product innovation, and advancing digital transformation. Protecting trademarks, defending market share, and adjusting to changing consumer preferences remain essential priorities. The company is also making significant technology investments, such as implementing a new enterprise resource planning (ERP) system, to improve efficiency and enhance data-driven supply chain management. Sustainability efforts, including reducing waste and cutting emissions, are also central to its long-term strategy.

On September 17, The Clorox Company (NYSE:CLX) declared a quarterly dividend of $$1.24 per share, which was in line with its previous dividend. Overall, the company has been rewarding shareholders with growing dividends for the past 22 years. The stock supports a dividend yield of 4.08%, as of September 20.

While we acknowledge the potential of CLX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.