Dividend Capture Strategy: 15 High Yield Stocks to Buy in October

3. The Clorox Company (NYSE:CLX)

Ex-Dividend Date: October 22

The Clorox Company (NYSE:CLX) is a consumer products company that is best known for its bathroom and kitchen staples — household cleaners, disinfecting wipes, and bleach — alongside trash bags, grilling supplies, cat litter, and even condiments. The company derives approximately 80% of its sales from brands that hold the first or second position in their categories, establishing a significant brand-based competitive advantage.

Apart from its flagship Clorox brand, The Clorox Company (NYSE:CLX)’s portfolio also comprises Kingsford charcoal, Burt’s Bees skincare, Hidden Valley Ranch dressings, Fresh Step cat litter, Pine-Sol cleaners, Brita water filters, Glad food storage products, and Liquid-Plumr drain cleaner. That’s a combination of well-known household names, and the company can be counted on to be resilient in tough times, which is something that stands out with markets up at record highs.

The Clorox Company (NYSE:CLX) is currently paying a quarterly dividend of $1.24 per share, after increasing it by 1.6% in July. It was the 22nd straight year of dividend increases for the company, which places it as one of the best dividend stocks for a dividend capture strategy. As of September 27, the stock supports a dividend yield of 3.99%.