Kimberly-Clark hikes dividend by 1.7%

On January 25, 2023, Kimberly-Clark Corporation (KMB) announced that it will raise its quarterly dividend by 1.7% to $1.18 quarterly per share. This is the smallest dividend hike by the Dividend Aristocrat in many years but does mark 51 consecutive years of dividend growth.

The Board of Directors approved to increase the dividend by 1.7 percent to $1.18 per share, up from $1.16 per share in 2022. The first dividend will be payable on April 4, 2023 to stockholders of record on March 10, 2023. The dividend yield for KMB is 3.5% at a stock price of $132.

Kimberly-Clark Corporation is a manufacturer of products mostly made from natural or synthetic fibers using advanced technologies in fibers, nonwovens and absorbency. The company's operating segments are: Personal Care, Consumer Tissue and K-C Professional. The company's brands include Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Neve, Plenitud, Viva and WypAll. Kimberly-Clark Corporation, orginally established in 1872, was incorporated in Delaware in 1928.