Kimberly-Clark Raises Dividend
Kimberly-Clark Corp. (NYSE: KMB – $109.97), which makes tissues and personal care products, said directors have approved a dividend increase of 4.8%. The company will pay a quarterly dividend of $0.88 per share, up from $0.84 per share in 2014. The dividend will be paid on April 2, 2015 to stockholders of record on March 6, 2015. At current quotations, income investors will receive an annual payout of $3.52 per share and a yield on their investment of 3.2%. This is the 43rd consecutive year Kimberly-Clark has raised its dividend. The shares are not cheap at current levels, but Kimberly-Clark’s robust dividend yield, and the steady increases I envision 3 to 5 years hence, ought to help keep the issue’s defensive characteristics intact. The shares are a core holding in a well-diversified income account.