Church & Dwight Co., Inc. (NYSE:CHD) to Issue Quarterly Dividend of $0.30

Church & Dwight Co., Inc. (NYSE:CHD) announced a quarterly dividend on Friday, January 31st,RTT News reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.295 per share on Monday, March 3rd. This represents a $1.18 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Friday, February 14th. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28.

Church & Dwight has increased its dividend payment by an average of 4.0% per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Church & Dwight has a dividend payout ratio of 29.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Church & Dwight to earn $3.99 per share next year, which means the company should continue to be able to cover its $1.18 annual dividend with an expected future payout ratio of 29.6%.

Church & Dwight Trading Up 0.3 %

NYSE:CHD opened at $104.85 on Wednesday. Church & Dwight has a 12 month low of $96.09 and a 12 month high of $113.50. The business’s 50-day moving average is $105.73 and its two-hundred day moving average is $104.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The firm has a market capitalization of $25.69 billion, a PE ratio of 44.24, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter in the prior year, the company posted $0.65 EPS. Research analysts predict that Church & Dwight will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Michael Read purchased 1,100 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of $106.82 per share, with a total value of $117,502.00. Following the acquisition, the executive vice president now owns 2,505 shares of the company’s stock, valued at approximately $267,584.10. This represents a 78.29 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Joseph James Longo sold 7,780 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $112.44, for a total transaction of $874,783.20. Following the sale, the chief accounting officer now owns 400 shares in the company, valued at approximately $44,976. This trade represents a 95.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,422 shares of company stock worth $11,424,351 over the last 90 days. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CHD shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $105.00 price target on shares of Church & Dwight in a report on Monday, February 3rd. TD Cowen raised their target price on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their target price on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Stifel Nicolaus increased their price target on Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a report on Monday, February 3rd. Finally, Truist Financial lifted their price objective on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Church & Dwight has a consensus rating of “Hold” and a consensus price target of $111.53.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.