Clorox: 41% Effective Yield on a Blue Chip Stock

Although there are always exceptions to the rule, good long term track records are important. And when you look at dividend increasing stocks, that can be very true, especially those that have raised their dividends for many years, such as 3M Company (MMM), Stanley Works (SWK) and Abbott Laboratories (ABT). One of the stocks that shows up on the WallStreetNewsNetwork.com list of dividend increasing stocks is Clorox (CLX), which has increased its dividend for 33 years in a row, and provides a current yield of 3.5%. But the interesting feature about dividend raisers is that the effective yield based on cost basis is much higher.... Read more

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