Dividend Aristocrat Kimberly-Clark Corporation (KMB) will raise its dividend for the 48th consecutive year in 2020.
The quarterly dividend will increase to $1.07 per share, up from $1.03 per share in 2019. The first dividend will be payable on April 2, 2020 to stockholders of record on March 6, 2020.
Chairman and Chief Executive Officer Mike Hsu said, "Our fourth quarter results capped off a year of excellent progress at Kimberly-Clark. For the full year of 2019, we delivered 4 percent growth in organic sales and in adjusted earnings per share, both ahead of our original outlook for the year. We also achieved strong margin improvements, generated $425 million of cost savings and returned $2.2 billion to shareholders through dividends and share repurchases. At the same time, we launched innovations, pursued our growth priorities and increased our investments behind our brands and in capabilities to position us for longer-term success. Overall, I'm encouraged by our progress in the first year of executing K-C Strategy 2022."
Kimberly-Clark and its well-known global brands are an indispensable part of life for people in more than 175 countries. Every day, nearly a quarter of the world's population trust K-C brands and the solutions they provide to enhance their health, hygiene and well-being. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark holds No. 1 or No. 2 share positions in 80 countries.
