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Companies and Brands

Kimberly-Clark Boosts High Dividend Yield Even Higher

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By Jon C. Ogg Updated Published

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We keep talking about big great American companies which are hiking their dividends. Now we have Kimberly-Clark Corporation (NYSE: KMB) out with news that the consumer products giant’s board of directors has approved a dividend increase of 9.5% for their common stock holders. This really matters because Kimberly-Clark already has what we consider to be the highest dividend of its peers and competitors.

The new higher dividend will bring the quarterly dividend to $0.81 per share rather than the $0.74 per share of last year. K-C is a dividend aristocrat as it this marks the forty-first consecutive year that it has raised its dividend. It is also seventy-ninth consecutive year that it has paid dividends. Management talks about the strength of its business and its commitment to allocate capital in shareholder-friendly ways.

We just recently gave a prediction for which key DJIA stocks would be increasing their dividends in the days or weeks ahead. While K-C is not a DJIA stock, this is a key player and its stock just hit a new all-time just this week.

What is so amazing is that its dividend yield was already very high at 3.2%. The new dividend yield for those who still want to buy K-C at current market prices at an all-time high is still 3.5%. Here is how this compares and contrasts against the rivals:

  • Procter & Gamble Co. (NYSE: PG) at 2.9%
  • Colgate-Palmolive Co. (NYSE: CL) att 2.3%
  • and The Clorox Company (NYSE: CLX) at 3.1%.

Kimberly-Clark just put some real pressure on its peers and rivals to continue in their dividend hikes as well.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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