Kimberly-Clark Boosts Dividend 4.5%
Household products company Kimberly-Clark Corp. (NYSE: KMB – $128.33) announced a 4.5% increase in the quarterly dividend to $0.92 from $0.88 paid in 2015. The dividend is payable on April 4 to shareholders of record on March 4. This is the 44th consecutive year Kimberly-Clark has raised its dividend and the 82nd straight year the company has paid dividends. The annual rate will now equal $3.68 per share and yield 2.8% at current levels. These shares have held up nicely over the past few months despite a difficult equity environment. In fact, KMB stock is up more than 15% over the past twelve months vs. a negative showing for the S&P 500. This issue still has some room to grow over the next 3 to 5 years. Plus, Kimberly’s defensive characteristics and strong finances give it ample conservative appeal for income investors.