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Who is eligible to participate in the Clorox Direct Stock Purchase Plan (DSPP)?
Everyone is eligible to participate. No prior stock ownership is required.
What are the benefits of participating in the Clorox DSPP?
- The plan provides a systematic and simple way for you to invest in Clorox stock without paying brokerage commissions and most administrative services charges.
- Every invested dollar produces additional cash dividends because dividends are paid on both full and fractional shares owned.
- Your record maintenance is simplified through an account statement mailed to you by Computershare after each investment in your account.
- As long as you are a DSPP participant, Computershare, as your agent, will hold your stock certificates in safekeeping. This provides protection against loss or theft. If you prefer, certificates for full shares credited to your account will be delivered to you.
- You also have the option of sending Computershare your other Clorox Common Stock Certificates for safekeeping free of charge.
- You have voting rights for all full shares held for you by Computershare.
What are the tax implications?
Reinvested dividends are subject to income taxes as if they were paid to
you in cash. Does the Clorox DSPP offer different participation options for reinvesting?
You can make voluntary cash payments or automatic debits from your bank account in any amount from a minimum of $50. You can also reinvest all or part of the cash dividends of your Clorox Common Stock. |