5 Companies Likely to be Dividend Aristocrats in the Future

In this article, we discuss 5 companies likely to be Dividend Aristocrats in the future. If you want to read our detailed analysis of dividend growers and their performance, go directly to read 10 Companies Likely to be Dividend Aristocrats in the Future. 

5. The Clorox Company (NYSE:CLX)

Consecutive Years of Dividend Growth: 20

The Clorox Company (NYSE:CLX) is a California-based company that manufactures and markets consumer and professional products. The company offers a quarterly dividend of $1.18 per share and has a dividend yield of 3.02%, as of June 21. It is one of the best dividend aristocrat stocks to be as it maintains a 20-year streak of dividend growth.

In fiscal Q3 2023, The Clorox Company (NYSE:CLX) posted revenue of roughly $2 billion, which showed a 5.8% growth from the same period last year. Year-to-date, the company generated an operating cash flow of $728 million, up from $451 million in the prior-year period.

At the end of Q1 2023, 38 hedge funds owned stakes in The Clorox Company (NYSE:CLX), compared with 34 in the previous quarter, as per Insider Monkey’s database. These stakes are collectively worth over $684 million. Among these hedge funds, Palestra Capital Management was the company’s leading stakeholder in Q1.