Kimberly Clark Corp (KMB) Declares Quarterly Dividend of $1.00

Kimberly Clark Corp (NYSE:KMB) announced a quarterly dividend on Tuesday, January 23rd, RTT News reports. Shareholders of record on Friday, March 9th will be paid a dividend of 1.00 per share on Tuesday, April 3rd. This represents a $4.00 annualized dividend and a yield of 3.42%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97.

Kimberly Clark has raised its dividend payment by an average of 4.8% per year over the last three years and has increased its dividend annually for the last 45 consecutive years. Kimberly Clark has a payout ratio of 62.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kimberly Clark to earn $6.56 per share next year, which means the company should continue to be able to cover its $3.88 annual dividend with an expected future payout ratio of 59.1%.

Kimberly Clark (KMB) opened at $116.91 on Tuesday. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. Kimberly Clark has a 1-year low of $109.67 and a 1-year high of $136.21. The company has a market cap of $41,120.00, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.84 and a beta of 0.75.

Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same period in the prior year, the business earned $1.45 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. sell-side analysts predict that Kimberly Clark will post 6.2 earnings per share for the current fiscal year.

Several research analysts have commented on the stock. Zacks Investment Research lowered shares of Kimberly Clark from a “buy” rating to a “hold” rating in a report on Monday. Deutsche Bank assumed coverage on shares of Kimberly Clark in a research note on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price target for the company. Citigroup lowered shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price target for the company. in a research note on Monday, December 11th. Societe Generale upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and increased their price target for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Finally, Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $126.50.

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About Kimberly Clark

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

Dividend History for Kimberly Clark (NYSE:KMB)

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