Kimberly-Clark Co. (NYSE:KMB – Get Free Report) announced a quarterly dividend on Wednesday, November 13th,RTT News reports. Stockholders of record on Friday, December 6th will be given a dividend of 1.22 per share on Friday, January 3rd. This represents a $4.88 annualized dividend and a dividend yield of 3.69%.
Kimberly-Clark has raised its dividend by an average of 3.3% annually over the last three years and has raised its dividend annually for the last 53 consecutive years. Kimberly-Clark has a dividend payout ratio of 64.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kimberly-Clark to earn $7.54 per share next year, which means the company should continue to be able to cover its $4.88 annual dividend with an expected future payout ratio of 64.7%.
Kimberly-Clark Stock Performance
Shares of NYSE:KMB traded up $0.05 on Wednesday, hitting $132.19. 1,494,832 shares of the company were exchanged, compared to its average volume of 2,107,837. Kimberly-Clark has a 1-year low of $117.67 and a 1-year high of $149.30. The stock’s 50 day moving average price is $140.40 and its 200 day moving average price is $139.23. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The firm has a market capitalization of $44.08 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 2.78 and a beta of 0.40.
Analysts Set New Price Targets
KMB has been the topic of several recent analyst reports. TD Cowen initiated coverage on shares of Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Barclays boosted their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. UBS Group decreased their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $149.93.
View Our Latest Analysis on KMB
About Kimberly-Clark
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.
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