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

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

Kimberly-Clark has a dividend payout ratio of 67.0% meaning its dividend is sufficiently covered by earnings. Equities research 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. Kimberly-Clark has a 52-week low of $92.42 and a 52-week high of $116.82. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.89. The company has a 50-day simple moving average of $102.72 and a two-hundred day simple moving average of $103.36. The company has a market capitalization of $36.21 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 5.78 and a beta of 0.25.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $4.13 billion. During the same period last year, the firm posted $1.82 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. Research analysts anticipate that Kimberly-Clark will post 7.40 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Sumitomo Mitsui Financial Group Inc. raised its holdings in shares of Kimberly-Clark by 2.9% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 6,992 shares of the company’s stock valued at $681,000 after acquiring an additional 197 shares in the last quarter. Edgewood Management LLC lifted its stake in Kimberly-Clark by 10.0% in the third quarter. Edgewood Management LLC now owns 12,100 shares of the company’s stock worth $1,179,000 after acquiring an additional 1,100 shares during the period. Saranac Partners Ltd lifted its stake in Kimberly-Clark by 133.0% in the third quarter. Saranac Partners Ltd now owns 5,115 shares of the company’s stock worth $552,000 after acquiring an additional 2,920 shares during the period. Advisors Asset Management Inc. bought a new stake in Kimberly-Clark in the third quarter valued at $8,636,000. Finally, Private Wealth Asset Management LLC boosted its holdings in Kimberly-Clark by 202.8% in the third quarter. Private Wealth Asset Management LLC now owns 2,026 shares of the company’s stock valued at $197,000 after acquiring an additional 1,357 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

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.