Kimberly-Clark Hikes Quarterly Dividend By 3.4% From $1.18 To $1.22 Per Share
Portfolio Pulse from Benzinga Newsdesk
Kimberly-Clark has announced a 3.4% increase in its quarterly dividend, raising it from $1.18 to $1.22 per share. The new dividend will be payable on April 2, 2024, to shareholders of record as of March 8, 2024.
January 24, 2024 | 12:03 pm
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Kimberly-Clark has raised its quarterly dividend to $1.22 per share, a 3.4% increase, signaling confidence in its financial stability and commitment to returning value to shareholders.
Dividend increases are typically viewed positively by the market as they often indicate a company's good financial health and a positive outlook. As a result, Kimberly-Clark's stock may experience a short-term increase in price as investors may interpret the dividend hike as a sign of confidence from the company's management in its financial stability and future earnings potential.
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IMPORTANCE 75
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