Meet the 5.1%-Yielding Stock That Just Increased Its Dividend for the 49th Consecutive Year. Here's Why It's a Buy in August.

Clorox has increased its dividend for the 49th consecutive year and is positioned as an attractive value stock for income investors. The company's acquisition of Purell, completion of its ERP system overhaul, and strong projected free cash flow generation support its dividend sustainability. Despite challenging consumer spending conditions, Clorox trades at a valuation of 16.8x fiscal 2027 earnings guidance and is on track to become a Dividend King in 2027.