Clorox’s 5% Dividend: Attractive Yield, Troubling Cash Shortfall
Clorox (CLX) offers a 5.0% dividend yield supported by 49 straight years of raises, but the company’s annualized dividend of $563 million exceeds levered free cash flow of $380 million. That gap, combined with falling revenue, a low current ratio and analyst downgrades, raises questions about sustainability even as the stock rebounds off a 52-week …