Church & Dwight Raises Dividend and Beats Earnings

This morning, Church & Dwight (CHD) reported Q4 earnings of 53 cents per share. That beat the company’s own range of 50 to 52 cents per share.

For 2020, C&D made $2.83 per share. That’s an increase of 14.6% over 2019. The company had been expecting growth of 13%. Full-year net sales grew 12.3% to $4.9 billion. Cash from operating activities increased 14.6% to $990.3 million.

The best news is that Church & Dwight increased its quarterly dividend by 5.2% to 25.25 cents per share. This makes the annual payout $1.01 per share. This is the 25th consecutive year in which Church & Dwight has increased its dividend.

For 2021, C&D expects earnings of $3.00 to $3.06 per share. That’s growth of 6% to 8%. Wall Street had been expecting $3.05 per share.

For Q1, the company sees sales growth of 3.0% and organic sales growth of 2.0%. For EPS, Church & Dwight expects 80 cents per share. The Street had been expecting 86 cents per share.

Posted by on January 29th, 2021 at 7:38 am


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