Kimberly-Clark Corporation (NASDAQ:KMB) Stock to Pay Quarterly Dividend of $1.28

Kimberly-Clark Corporation (NASDAQ:KMB) announced a quarterly dividend on Wednesday, November 11th. Stockholders of record on Friday, December 4th will be given a dividend of $1.28 per share on Tuesday, January 5th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, December 4th.

Kimberly-Clark has a payout ratio of 67.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kimberly-Clark to earn $7.10 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 72.1%.

Kimberly-Clark Trading Down 1.7%

Shares of KMB stock opened at $108.86 on Thursday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.89 and a quick ratio of 0.65. The company has a market cap of $36.21 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 5.78 and a beta of 0.25. The stock has a 50 day simple moving average of $102.72 and a 200-day simple moving average of $103.36. Kimberly-Clark has a 1-year low of $92.42 and a 1-year high of $116.82.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Thursday, November 5th. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. Kimberly-Clark had a return on equity of 114.93% and a net margin of 19.93%. The firm had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same quarter last year, the firm posted $1.82 EPS. The business’s revenue was down 1.2% on a year-over-year basis. On average, equities research analysts expect that Kimberly-Clark will post 7.40 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group initiated coverage on shares of Kimberly-Clark in a research report on Friday, October 23rd. They set a “hold” rating and a $105.00 price objective for the company. BNP Paribas Exane lifted their target price on shares of Kimberly-Clark from $110.00 to $112.00 and gave the company a “neutral” rating in a research report on Monday. Bank of America cut their target price on shares of Kimberly-Clark from $122.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, September 25th. Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Finally, TD Cowen decreased their price target on shares of Kimberly-Clark from $104.00 to $97.00 and set a “hold” rating on the stock in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $113.20.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a global consumer products company that develops and sells personal care, tissue and hygiene products. Its offerings include diapers and training pants, feminine care and adult incontinence products, facial and bathroom tissues, paper towels and wipes. The company’s portfolio includes brands such as Huggies, Kleenex, Scott, Cottonelle, Depend, Poise and Kotex. Kimberly-Clark also provides products for businesses and institutions, including workplace and professional-use tissue and hygiene products.