Kimberly-Clark Corporation (KMB) to Issue Quarterly Dividend of $1.28 on April 2nd

Kimberly-Clark Corporation (NASDAQ:KMB) declared a quarterly dividend on Tuesday, January 27th. Investors of record on Friday, March 6th will be given a dividend of 1.28 per share on Thursday, April 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, March 6th. This is a 1.6% increase from Kimberly-Clark’s previous quarterly dividend of $1.26.

Kimberly-Clark has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 54 years. Kimberly-Clark has a payout ratio of 67.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kimberly-Clark to earn $7.88 per share next year, which means the company should continue to be able to cover its $5.12 annual dividend with an expected future payout ratio of 65.0%.

Kimberly-Clark Stock Down 4.6%

Shares of Kimberly-Clark stock opened at $104.64 on Wednesday. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. The firm’s 50-day moving average is $103.19 and its two-hundred day moving average is $111.66. Kimberly-Clark has a 1 year low of $96.26 and a 1 year high of $150.45. The stock has a market cap of $34.73 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 3.94 and a beta of 0.24.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.05. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The company’s revenue was down .6% compared to the same quarter last year. During the same period last year, the business earned $1.50 EPS. As a group, research analysts expect that Kimberly-Clark will post 7.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Institutional Trading of Kimberly-Clark

A number of large investors have recently made changes to their positions in the stock. Empirical Finance LLC lifted its holdings in shares of Kimberly-Clark by 0.6% during the 2nd quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock worth $1,531,000 after acquiring an additional 76 shares during the period. Monarch Capital Management Inc. grew its position in shares of Kimberly-Clark by 1.9% during the second quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock worth $568,000 after buying an additional 81 shares in the last quarter. Deseret Mutual Benefit Administrators grew its stake in Kimberly-Clark by 3.5% in the third quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company’s stock worth $321,000 after purchasing an additional 87 shares in the last quarter. Good Life Advisors LLC increased its stake in Kimberly-Clark by 5.6% during the second quarter. Good Life Advisors LLC now owns 1,676 shares of the company’s stock valued at $216,000 after purchasing an additional 89 shares during the last quarter. Finally, Telos Capital Management Inc. lifted its holdings in Kimberly-Clark by 1.5% in the second quarter. Telos Capital Management Inc. now owns 6,294 shares of the company’s stock worth $811,000 after acquiring an additional 91 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.