Kimberly-Clark Corporation (NASDAQ:KMB) Shares Set to Pay Quarterly Dividend of $1.28

Key Points

• Kimberly-Clark declared a quarterly dividend of $1.28 per share, payable January 5 to shareholders of record December 4. The annualized dividend is $5.12, a 4.7% yield.
• The dividend appears covered: the current payout ratio is 67%, and analysts expect next year’s earnings to cover the annual dividend at an estimated 72.1% payout ratio.
• Quarterly EPS of $1.70 beat the $1.65 consensus, while revenue was $4.13 billion and declined 1.2% year over year. Analysts’ consensus rating is Hold, with an average price target of $113.20.

Kimberly-Clark Corporation (NASDAQ:KMB - Get Free Report) declared a quarterly dividend on Wednesday, November 11th. Stockholders of record on Friday, December 4th will be paid a dividend of $1.28 per share on Tuesday, January 5th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, December 4th.

Kimberly-Clark has a payout ratio of 67.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kimberly-Clark to earn $7.10 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 72.1%.

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $108.86 on Thursday. The company has a market cap of $36.21 billion, a P/E ratio of 10.98, a P/E/G ratio of 5.78 and a beta of 0.25. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.89. The business's 50 day moving average price is $102.72 and its 200-day moving average price is $103.36. Kimberly-Clark has a fifty-two week low of $92.42 and a fifty-two week high of $116.82.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The company reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.65 by $0.05. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.13 billion. Kimberly-Clark had a return on equity of 114.93% and a net margin of 19.93%. Kimberly-Clark's revenue was down 1.2% on a year-over-year basis. During the same period last year, the company earned $1.82 earnings per share. Sell-side analysts predict that Kimberly-Clark will post 7.40 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KMB. Rothschild & Co Redburn lowered their target price on shares of Kimberly-Clark from $138.00 to $129.00 and set a "buy" rating for the company in a report on Friday, October 9th. Freedom Capital raised shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. Deutsche Bank increased their price objective on shares of Kimberly-Clark from $106.00 to $112.00 and gave the stock a "hold" rating in a research report on Wednesday, August 5th. Bank of America decreased their price objective on shares of Kimberly-Clark from $122.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, September 25th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Kimberly-Clark in a research report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $113.20.

About Kimberly-Clark

Kimberly-Clark Corporation is a global consumer products company that develops and sells personal care, tissue and hygiene products. Its offerings include diapers and training pants, feminine care and adult incontinence products, facial and bathroom tissues, paper towels and wipes. The company's portfolio includes brands such as Huggies, Kleenex, Scott, Cottonelle, Depend, Poise and Kotex. Kimberly-Clark also provides products for businesses and institutions, including workplace and professional-use tissue and hygiene products.

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