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

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

Kimberly-Clark has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 54 consecutive years. Kimberly-Clark has a dividend payout ratio of 67.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of NASDAQ:KMB opened at $96.67 on Friday. Kimberly-Clark has a 52 week low of $92.42 and a 52 week high of $144.30. The firm has a 50 day moving average of $98.39 and a 200 day moving average of $102.20. The company has a market capitalization of $32.09 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 4.36 and a beta of 0.29. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results 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 company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. Kimberly-Clark’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $1.93 earnings per share. On average, sell-side analysts predict that Kimberly-Clark will post 7.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KMB has been the subject of several research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Piper Sandler reduced their price target on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. UBS Group lifted their price objective on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Finally, Bank of America reduced their target price on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and an average target price 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.