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

Kimberly-Clark Corporation (NASDAQ:KMB) declared a quarterly dividend on Thursday, May 14th. Investors of record on Friday, June 5th will be paid a dividend of 1.28 per share on Thursday, July 2nd. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Friday, June 5th.

Kimberly-Clark has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 54 years. Kimberly-Clark has a dividend payout ratio of 67.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kimberly-Clark to earn $7.43 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 68.9%.

Kimberly-Clark Price Performance

Shares of KMB opened at $95.91 on Friday. The firm has a market cap of $31.84 billion, a PE ratio of 15.06, a PEG ratio of 4.34 and a beta of 0.29. The firm’s 50 day moving average price is $98.21 and its 200 day moving average price is $102.15. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. Kimberly-Clark has a twelve month low of $92.42 and a twelve month high of $144.30.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.04. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.93 earnings per share. As a group, research analysts expect that Kimberly-Clark will post 7.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KMB. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Wells Fargo & Company dropped their price target on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Zacks Research lowered shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Bank of America dropped their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $114.93.

Kimberly-Clark Company Profile

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.