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

Church & Dwight Co., Inc. (NYSE:CHD) declared a quarterly dividend on Wednesday, October 30th, RTT News reports. Shareholders 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 payout ratio of 30.6% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.4 %

NYSE CHD traded down $0.43 during trading hours on Wednesday, reaching $100.20. The company’s stock had a trading volume of 223,817 shares, compared to its average volume of 1,353,444. The firm has a fifty day simple moving average of $102.93 and a 200-day simple moving average of $104.05. The stock has a market cap of $24.53 billion, a P/E ratio of 30.96, a P/E/G ratio of 3.72 and a beta of 0.54. Church & Dwight has a 52 week low of $82.25 and a 52 week high of $110.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts forecast that Church & Dwight will post 3.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays upped their price objective on shares of Church & Dwight from $82.00 to $86.00 and gave the company an “underweight” rating in a report on Friday, October 11th. Stifel Nicolaus lowered their target price on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. Piper Sandler started coverage on shares of Church & Dwight in a research report on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 price target for the company. Morgan Stanley downgraded shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective on the stock. in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Church & Dwight from $97.00 to $98.00 and gave the company an “underweight” rating in a report on Friday, October 11th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Church & Dwight currently has an average rating of “Hold” and a consensus target price of $107.50.

Insider Transactions at Church & Dwight

In other news, EVP Barry A. Bruno sold 59,328 shares of Church & Dwight stock in a transaction on Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $429,179.03. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by corporate insiders.

Church & Dwight Company Profile

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.