Income · Portfolio Changes

Portfolio Change – Kimberly-Clark

I am removing income candidate Kimberly-Clark Corp. after the company reported weak year-over-year results and lowered its guidance for the full year. While over the long-term, KMB should do well, its restructuring program and cost reduction program will take time and I believe there are better opportunities in the income space. The shares, excluding the 3.8% annual dividend yield, is up 18.8% since entering the income candidate list and I will take profits at this time. I will look for a replacement for Kimberly-Clark and allocate 7% of the portfolio to a cash position for now.

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