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. Shareholders 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 yield of 1.10%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28.

Church & Dwight has increased its dividend by an average of 4.0% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Church & Dwight has a dividend payout ratio of 28.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Church & Dwight to earn $3.73 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 Price Performance

CHD opened at $107.14 on Friday. The stock’s 50-day moving average price is $106.54 and its 200 day moving average price is $104.16. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Church & Dwight has a 12-month low of $96.09 and a 12-month high of $113.50. The firm has a market cap of $26.25 billion, a price-to-earnings ratio of 48.05, a PEG ratio of 3.29 and a beta of 0.58.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. During the same quarter in the previous year, the firm posted $0.65 earnings per share. As a group, sell-side analysts expect that Church & Dwight will post 3.44 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on CHD shares. Piper Sandler increased their price objective on Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. boosted their price objective on shares of Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Barclays raised their price objective on Church & Dwight from $85.00 to $90.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company boosted their price target on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $110.61.

Insiders Place Their Bets

In related news, CEO Matthew Farrell sold 165,823 shares of Church & Dwight stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at approximately $11,613,438.57. The trade was a 59.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Joseph James Longo sold 7,780 shares of Church & Dwight stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the completion of the transaction, the chief accounting officer now directly owns 400 shares in the company, valued at approximately $44,976. This represents a 95.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 593,035 shares of company stock worth $62,282,808. Corporate insiders own 2.00% of the company’s stock.

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.