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.
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.
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.
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