Kimberly-Clark Corporation Announces Quarterly Dividend of $1.28 (NASDAQ:KMB)

Kimberly-Clark Corporation (NASDAQ:KMB) announced a quarterly dividend on Monday, August 3rd. Investors of record on Friday, September 4th will be paid a dividend of 1.28 per share on Friday, October 2nd. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Friday, September 4th.

Kimberly-Clark has increased its dividend payment 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% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kimberly-Clark to earn $7.54 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 67.9%.

Kimberly-Clark Stock Down 1.6%

Shares of NASDAQ:KMB opened at $107.56 on Tuesday. Kimberly-Clark has a 12-month low of $92.42 and a 12-month high of $137.46. The stock’s 50-day moving average price is $105.93 and its two-hundred day moving average price is $102.55. The firm has a market cap of $35.70 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 4.90 and a beta of 0.26. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%. On average, research analysts forecast that Kimberly-Clark will post 7.47 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Piper Sandler increased their price target on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Bank of America dropped their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, UBS Group increased their price objective on shares of Kimberly-Clark from $106.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $117.93.

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.