Kimberly-Clark Pampers Investors With Steady Dividend
Consumer-products leader Kimberly-Clarkannounced today its third-quarter dividend of $0.81 per share, the same rate it's paid for the past two quarters after raising the payout 9.5%, from $0.74 per share.
The board of directors said the quarterly dividend is payable on Oct. 2 to the holders of record at the close of business on Sept. 6. The consumer-products company has made payouts to investors for 79 years, and 2013 marks the 41st consecutive year it has raised the dividend.
The regular dividend payment equates to a $3.24-per-share annual dividend, yielding 3.3% based on the closing price today of Kimberly-Clark's stock.
The article Kimberly-Clark Pampers Investors With Steady Dividend originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Kimberly-Clark. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.