Kimberly-Clark Corporation (NASDAQ:KMB – Get Free Report) announced a quarterly dividend on Thursday, May 14th. Stockholders of record on Friday, June 5th will be paid a dividend of 1.28 per share on Thursday, July 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Friday, June 5th.
Kimberly-Clark has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 54 consecutive years. Kimberly-Clark has a dividend payout ratio of 67.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kimberly-Clark to earn $7.43 per share next year, which means the company should continue to be able to cover its $5.12 annual dividend with an expected future payout ratio of 68.9%.
Kimberly-Clark Stock Performance
Shares of NASDAQ KMB opened at $96.67 on Friday. The firm’s 50-day moving average price is $98.39 and its 200-day moving average price is $102.20. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. The company has a market cap of $32.09 billion, a PE ratio of 15.18, a PEG ratio of 4.36 and a beta of 0.29. Kimberly-Clark has a 52-week low of $92.42 and a 52-week high of $144.30.
Insider Buying and Selling
In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the sale, the insider owned 8,362 shares in the company, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 7,096 shares of company stock worth $689,687. 0.75% of the stock is owned by company insiders.
Institutional Investors Weigh In On Kimberly-Clark
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. raised its position in shares of Kimberly-Clark by 3.7% during the third quarter. Citigroup Inc. now owns 399,630 shares of the company’s stock valued at $49,690,000 after buying an additional 14,386 shares during the last quarter. Jain Global LLC bought a new stake in shares of Kimberly-Clark during the third quarter valued at approximately $11,973,000. AE Wealth Management LLC raised its position in shares of Kimberly-Clark by 7.0% during the third quarter. AE Wealth Management LLC now owns 160,531 shares of the company’s stock valued at $19,960,000 after buying an additional 10,528 shares during the last quarter. Truist Financial Corp raised its position in shares of Kimberly-Clark by 9.6% during the third quarter. Truist Financial Corp now owns 158,417 shares of the company’s stock valued at $19,698,000 after buying an additional 13,939 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Kimberly-Clark by 13.7% during the fourth quarter. Nordea Investment Management AB now owns 2,774,290 shares of the company’s stock valued at $281,258,000 after buying an additional 334,598 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.
About Kimberly-Clark
Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.
Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.
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