Church & Dwight Co., Inc. (NYSE:CHD) to Issue Quarterly Dividend of $0.28

Church & Dwight Co., Inc. (NYSE:CHD) announced a quarterly dividend on Wednesday, October 30th, RTT News reports. Investors of record on Friday, November 15th will be given a dividend of 0.2838 per share on Monday, December 2nd. This represents a $1.14 dividend on an annualized basis and a yield of 1.13%.

Church & Dwight has raised its dividend by an average of 4.3% per year over the last three years and has raised its dividend every year for the last 28 years. Church & Dwight has a dividend payout ratio of 30.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Church & Dwight to earn $3.72 per share next year, which means the company should continue to be able to cover its $1.14 annual dividend with an expected future payout ratio of 30.6%.

Church & Dwight Price Performance

Shares of CHD opened at $100.52 on Thursday. The stock has a market cap of $24.61 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 3.72 and a beta of 0.54. Church & Dwight has a 1 year low of $82.25 and a 1 year high of $110.31. The stock’s 50-day moving average price is $102.90 and its two-hundred day moving average price is $104.03. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.09. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm earned $0.92 EPS. Church & Dwight’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities analysts predict that Church & Dwight will post 3.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CHD shares. TD Cowen started coverage on Church & Dwight in a research note on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price objective on the stock. Truist Financial cut their price objective on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Barclays boosted their price objective on Church & Dwight from $82.00 to $86.00 and gave the company an “underweight” rating in a research report on Friday, October 11th. Piper Sandler started coverage on shares of Church & Dwight in a report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 target price on the stock. Finally, Evercore ISI reduced their price target on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a report on Monday, August 5th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $107.50.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the sale, the executive vice president now owns 4,319 shares in the company, valued at $429,179.03. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is owned by company insiders.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics 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; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.