Portfolio Change: Kimberly-Clark Corp.

KMBWhile I am still quite positive on Kimberly-Clark Corp. (NYSE: KMB – $107.78) and will maintain the holding in the income portfolio, I believe the recent run up in price fully reflects much of the good news in store for the household products company. The current dividend, yielding 3% at current quotations, is well covered and should grow modestly over time and the shares continue to be a solid addition to a well-diversified income portfolio. Nonetheless, I believe there are better values for conservative accounts and thus will take the nearly 15% profit for KMB over the past eight months and search for a more suitable replacement.

KMB

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