Kimberly Clark Corp Plans Quarterly Dividend of $0.84 (KMB)
Kimberly Clark Corp (NYSE:KMB) announced a quarterly dividend on Friday, August 1st, StockRatingsNetwork reports. Stockholders of record on Friday, September 5th will be paid a dividend of 0.84 per share on Thursday, October 2nd. This represents a $3.36 annualized dividend and a dividend yield of 3.23%.
A number of research firms have recently commented on KMB. Analysts at Zacks reiterated a “neutral” rating on shares of Kimberly Clark Corp in a research note on Thursday, July 24th. They now have a $115.00 price target on the stock. On the ratings front, analysts at Bernstein cut their price target on shares of Kimberly Clark Corp from $116.00 to $113.00 in a research note on Wednesday, July 23rd. Finally, analysts at Barclays upgraded shares of Kimberly Clark Corp from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $110.70.
Kimberly Clark Corp (NYSE:KMB) traded up 0.73% during mid-day trading on Friday, hitting $104.63. The stock had a trading volume of 481,221 shares. Kimberly Clark Corp has a 52 week low of $91.44 and a 52 week high of $114.45. The stock’s 50-day moving average is $111.0 and its 200-day moving average is $109.9. The company has a market cap of $39.123 billion and a price-to-earnings ratio of 18.68.
Kimberly Clark Corp (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by $0.01. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the previous year, the company posted $1.41 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts expect that Kimberly Clark Corp will post $6.09 EPS for the current fiscal year.
Kimberly-Clark Corporation (NYSE:KMB), incorporated on June 29, 1928, is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers.
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