Kimberly-Clark Corporation (NASDAQ:KMB) Declares Quarterly Dividend of $1.26

Kimberly-Clark Corporation (NASDAQ:KMB) declared a quarterly dividend on Thursday, November 20th. Investors of record on Friday, December 5th will be given a dividend of 1.26 per share on Monday, January 5th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Friday, December 5th.

Kimberly-Clark has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 54 consecutive years. Kimberly-Clark has a payout ratio of 66.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kimberly-Clark to earn $7.88 per share next year, which means the company should continue to be able to cover its $5.04 annual dividend with an expected future payout ratio of 64.0%.

Kimberly-Clark Trading Up 1.4%

Shares of NASDAQ KMB opened at $103.76 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61. The stock’s 50 day moving average price is $116.47 and its two-hundred day moving average price is $126.90. Kimberly-Clark has a 52-week low of $99.22 and a 52-week high of $150.45. The stock has a market capitalization of $34.43 billion, a P/E ratio of 14.29, a PEG ratio of 3.67 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period in the prior year, the company posted $1.83 EPS. The business’s revenue was up .1% compared to the same quarter last year. On average, analysts anticipate that Kimberly-Clark will post 7.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KMB has been the topic of several analyst reports. Citigroup lowered their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. TD Cowen decreased their target price on shares of Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Morgan Stanley lowered their price objective on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 4th. Argus upgraded Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Thursday, November 13th. Finally, Wells Fargo & Company dropped their target price on shares of Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average target price of $128.91.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.