Kimberly-Clark Corporation (KMB) to Issue $0.97 Quarterly Dividend

Kimberly-Clark Corporation (NYSE:KMB) declared a quarterly dividend on Thursday, November 16th, RTT News reports. Shareholders of record on Friday, December 8th will be paid a dividend of 0.97 per share on Wednesday, January 3rd. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.38%.

Kimberly-Clark Corporation has increased its dividend payment by an average of 4.7% annually over the last three years and has increased its dividend annually for the last 44 consecutive years. Kimberly-Clark Corporation has a payout ratio of 62.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kimberly-Clark Corporation to earn $6.50 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 59.7%.

Kimberly-Clark Corporation (NYSE:KMB) opened at $114.90 on Friday. The company has a market capitalization of $39,899.83, a PE ratio of 18.57, a price-to-earnings-growth ratio of 2.95 and a beta of 0.74. Kimberly-Clark Corporation has a one year low of $109.67 and a one year high of $136.21. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97.

Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. Kimberly-Clark Corporation had a return on equity of 666.97% and a net margin of 11.89%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 earnings per share. sell-side analysts expect that Kimberly-Clark Corporation will post 6.2 EPS for the current year.

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A number of research analysts have commented on KMB shares. Berenberg Bank restated a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, July 27th. Jefferies Group LLC reaffirmed a “hold” rating and set a $119.00 target price on shares of Kimberly-Clark Corporation in a research report on Thursday, September 7th. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Citigroup Inc. reaffirmed a “neutral” rating and set a $131.00 target price (down from $132.00) on shares of Kimberly-Clark Corporation in a research report on Friday, August 11th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $121.00 price objective on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $127.14.

Kimberly-Clark Corporation Company Profile

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 Corporation (NYSE:KMB)

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