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.
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.
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