Clorox (CLX) Could Be 14% Undervalued After Holding Its Dividend

Clorox (CLX) is back in focus after management kept its dividend in place despite a payout ratio around 149% of free cash flow and leadership transition plans for CEO Linda Rendle. Recent trading tells a mixed story. Clorox shares are up 3.31% over the past week but down 10.51% over 90 days, and the 1 year total shareholder return has declined 23.28%. This suggests that short term momentum has picked up while longer term returns remain under pressure as investors reassess dividend risk and...