Kimberly-Clark Boosts High Dividend Yield Even Higher

Stock Split ImageWe keep talking about big great American companies which are hiking their dividends. Now we have Kimberly-Clark Corporation (NYSE: KMB) out with news that the consumer products giant's board of directors has approved a dividend increase of 9.5% for their common stock holders. This really matters because Kimberly-Clark already has what we consider to be the highest dividend of its peers and competitors.

The new higher dividend will bring the quarterly dividend to $0.81 per share rather than the $0.74 per share of last year. K-C is a dividend aristocrat as it this marks the forty-first consecutive year that it has raised its dividend. It is also seventy-ninth consecutive year that it has paid dividends. Management talks about the strength of its business and its commitment to allocate capital in shareholder-friendly ways.

We just recently gave a prediction for which key DJIA stocks would be increasing their dividends in the days or weeks ahead. While K-C is not a DJIA stock, this is a key player and its stock just hit a new all-time just this week.

What is so amazing is that its dividend yield was already very high at 3.2%. The new dividend yield for those who still want to buy K-C at current market prices at an all-time high is still 3.5%. Here is how this compares and contrasts against the rivals:

  • Procter & Gamble Co. (NYSE: PG) at 2.9%
  • Colgate-Palmolive Co. (NYSE: CL) att 2.3%
  • and The Clorox Company (NYSE: CLX) at 3.1%.

Kimberly-Clark just put some real pressure on its peers and rivals to continue in their dividend hikes as well.

Filed under: 24/7 Wall St. Wire, Consumer Goods, Consumer Product, Corporate Governance, Dividends & Buybacks Tagged: CL, CLX, KMB, PG
Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.