Church & Dwight Co., Inc. (NYSE:CHD) Announces Dividend Increase – $0.30 Per Share

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 paid a dividend of 0.295 per share on Monday, March 3rd. This represents a $1.18 annualized dividend and a dividend yield of 1.12%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28.

Church & Dwight has raised its dividend by an average of 4.0% per year 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% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.6 %

Shares of CHD opened at $105.36 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The firm has a market cap of $25.81 billion, a P/E ratio of 47.24, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58. The company has a 50 day simple moving average of $106.30 and a two-hundred day simple moving average of $104.21. Church & Dwight has a 1 year low of $96.09 and a 1 year high of $113.50.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. During the same quarter in the prior year, the company posted $0.65 EPS. On average, equities analysts expect that Church & Dwight will post 3.44 earnings per share for the current fiscal year.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Rick Spann sold 39,520 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $112.00, for a total value of $4,426,240.00. Following the sale, the executive vice president now directly owns 4,973 shares of the company’s stock, valued at approximately $556,976. This trade represents a 88.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew Farrell sold 165,823 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.03, for a total value of $17,084,743.69. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 593,035 shares of company stock worth $62,282,808. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Stifel Nicolaus dropped their target price on Church & Dwight from $105.00 to $103.00 and set a “hold” rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. boosted their price target on Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Piper Sandler increased their price objective on shares of Church & Dwight from $124.00 to $128.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, TD Cowen boosted their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $110.61.

Church & Dwight Company Profile

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.