Clorox (NYSE:CLX) gains 3.8% in New York, but 5% yield gets tested as payout ratio runs at 89%
Clorox (NYSE:CLX) shares climbed 3.8% in New York. The company kept its 5% yield, but with a payout ratio now at 89%, the dividend faces a real squeeze. The Clorox Company (NYSE:CLX) rallied 3.75%…
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