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DALLAS - Kimberly-Clark Corporation (NYSE: NYSE:KMB), the maker of personal care and consumer products, has announced an increase in its quarterly dividend. The new dividend of $1.26 per share represents a 3.3 percent rise from the previous payout, delivering a robust 3.71% yield to shareholders. According to InvestingPro analysis, the $43.8 billion consumer goods giant is currently trading below its Fair Value, with a moderate P/E ratio of 17.
This increment marks the 53rd consecutive year that Kimberly-Clark has raised its dividend, a testament to its long-standing policy of sharing financial success with stockholders. InvestingPro data shows the company maintains notably low price volatility with a beta of 0.43, making it an attractive option for stability-focused investors. The dividend is scheduled to be paid on April 2, 2025, to shareholders who are on record by the closing of business on March 7, 2025.
Kimberly-Clark's portfolio includes well-known brands such as Huggies, Kleenex, and Scott, which hold leading market share positions across approximately 70 countries. The company's focus on sustainable practices and community support has earned it recognition as one of the World's Most Ethical Companies® by Ethisphere for six consecutive years and a place on Fortune's Most Innovative Companies in America list in 2024. For deeper insights into KMB's valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
The information regarding the dividend increase is based on a press release statement from Kimberly-Clark Corporation.
In other recent news, Kimberly-Clark Corporation reported its fourth quarter 2024 results, which did not meet analyst expectations. The company's adjusted earnings per share came in at $1.50, falling short of the analyst consensus of $1.51 by $0.01. On the other hand, revenue exceeded estimates, reaching $4.93 billion, a 2.3% year-on-year increase on an organic basis, though net sales saw a slight decline of 0.8% compared to the same quarter last year.
The company's gross margin improved to 35.4% on an adjusted basis, driven by robust productivity gains, and operating profit rose 2.1% to $684 million on an adjusted basis. Kimberly-Clark's CEO, Mike Hsu, noted 2024 as a pivotal year for the company, marked by the launch of their transformative Powering Care strategy and a successful reorganization into three powerhouse segments.
Looking ahead, Kimberly-Clark provided a cautious 2025 guidance, forecasting adjusted earnings per share growth in the mid-to-high single-digit range on a constant-currency basis. However, this projection includes a negative 320 basis point impact from divestitures and business exits, as well as a 100 basis point headwind from items below operating profit. These are the recent developments for Kimberly-Clark.
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