5 Consumer Stocks that Pay Dividends

3. The Clorox Company (NYSE:CLX)

Number of Hedge Fund Holders: 39

Dividend Yield (as of March 8): 3.35%

The Clorox Company (NYSE:CLX) deals in the manufacture and sale of cleaning products around the globe. It also provides food products through its Hidden Valley brand name. 39 hedge funds held stakes in the firm as of the fourth quarter, with aggregate holdings worth $1.16 billion. This shows a positive trend from Q3 2021, where 34 hedge funds reported owning positions in The Clorox Company (NYSE:CLX). In the fourth quarter, Cedar Rock Capital held 1.36 million shares of Clorox valued at roughly $238 million, making it the top shareholder of the firm.

On February 16, The Clorox Company (NYSE:CLX) declared a quarterly dividend of $1.16 per share, which was in-line with previous. As of March 8, the dividend yield stands at 3.35%. The Clorox Company (NYSE:CLX) has increased its dividend payments for the last 44 years in a row.

Citi analyst Wendy Nicholson gave The Clorox Company (NYSE:CLX) a ‘Buy’ rating in February, and lowered the price target to $160 from $194, noting that the stock was at an attractive valuation for buyers.