Kimberly-Clark Corporation (KMB) To Go Ex-Dividend on September 4th

Kimberly-Clark Corporation (NASDAQ:KMB) announced a quarterly dividend on Monday, August 3rd. Stockholders 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 dividend yield of 4.6%. The ex-dividend date is Friday, September 4th.

Kimberly-Clark has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 54 consecutive years. 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 $7.54 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 Up 3.7%

Shares of NASDAQ KMB opened at $111.57 on Wednesday. Kimberly-Clark has a 12 month low of $92.42 and a 12 month high of $137.46. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. The firm has a market capitalization of $37.03 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 4.82 and a beta of 0.26. The business has a 50-day moving average of $106.18 and a 200-day moving average of $102.64.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.22 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 .6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.92 earnings per share. Sell-side analysts expect that Kimberly-Clark will post 7.47 earnings per share for the current fiscal year.

About Kimberly-Clark

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.