Kimberly-Clark Joins Dividend Kings With 52-Year Streak
Kimberly-Clark Corporation, a global leader in consumer essentials, has achieved a remarkable milestone. With 52 consecutive years of dividend increases, the company joins the elite ranks of Dividend Kings. Established in 1872, Kimberly-Clark's products are now sold in over 175 countries, a testament to its enduring global success.
The company's reliable business model and strong brands have driven this impressive streak. Iconic products like Kleenex, Huggies, Scott, and Cottonelle have fostered consumer loyalty and global demand. Kimberly-Clark has returned significant capital to shareholders through share buybacks, demonstrating its commitment to rewarding investors.
As of September 23rd, Kimberly-Clark's share was trading at $123.82. The company's current dividend yield stands at approximately 3.6%, with a five-year growth average of 3-4% annually and a sustainable payout ratio. This stability has drawn the attention of 42 hedge fund portfolios, which held KMB at the end of the second quarter. Notably, Mirae Asset Global Investments Co. Ltd. has recently increased its holdings in the company.
A bullish thesis on Kimberly-Clark Corporation was presented on Max Dividends's Substack, further highlighting the company's potential. Institutional investors and hedge funds collectively own 76.29% of the company's stock, reflecting the market's confidence in Kimberly-Clark's global prospects.
Kimberly-Clark Corporation's Dividend King status, strong brands, and global distribution position it well for continued success. With a reliable business model that rewards long-term investment and a competitive advantage in consumer loyalty, the company is poised to continue its impressive dividend growth streak.
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