LONDON, UK / ACCESSWIRE / June 6, 2017 / Pro-Trader Daily takes a closer look at Kimberly-Clark Corp. (NYSE: KMB) as the Company's stock will begin trading ex-dividend on June 07, 2017. In order to qualify for a dividend check, investors must own the stock on or before June 06, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On April 20, Kimberly-Clark's board of directors declared a regular quarterly dividend of $0.97 per share. The dividend is payable on July 05, 2017, to stockholders of record on June 09, 2017. The Company stated that the year 2017 marks the 45th consecutive year that Kimberly-Clark has increased its dividend and the 83rd straight year it has paid a dividend to shareholders.

Kimberly-Clark's indicated dividend represents a yield of 2.97% compared to the average dividend yield for the Consumer Goods sector of 1.72%, and reflects dividend payout of a $3.88 on an annualized basis. Kimberly-Clark last increased its dividend in January 2017, where the Company's Board of Directors approved a 5.4% increase in the quarterly dividend, taking the dividend to $0.97 per share, up from $0.92 per share in 2016.

Kimberly-Clark has a dividend payout ratio of 61.07% meaning the Company distributes $0.61 for every $1.00 earned, demonstrating that the dividend is sufficiently covered by earnings. As per analysts' estimates Kimberly-Clark is forecasted to generate earnings of $6.72 per share in the coming year, which means the Company should be able to comfortably cover its annualized dividend of $3.88. Moreover, as on March 31, 2017, Kimberly-Clark had cash and cash equivalents worth $835 million, while its total current assets were worth $5.11 billion. Having this liquidity cushion would allow the Company to absorb any fluctuations in earnings and pay the dividend without interruption.

About the Company

Kimberly-Clark, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. 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. The Company sells household products directly to supermarkets, mass merchandisers, drugstores, warehouse clubs, variety and department stores, and other retail outlets, as well as through other distributors and ecommerce sites. Kimberly-Clark was founded in 1872 and is headquartered in Dallas, Texas.

Recent Development for

On May 04, 2017, Kimberly-Clark announced that it was recognized for its excellence in cybersecurity awareness with a prestigious CSO50 Award at the annual CSO50 Conference in Scottsdale.

Kimberly-Clark won the award for its highly regarded Protect K-C & Me program, an information security awareness initiative designed to teach employees how to secure valuable information at work, at home and on the go. The program proactively educates employees about how to stay safe online through engaging activities and metrics-driven social engineering drills that keep employees on their toes.

"As enterprise technology rapidly advances and exposes new threats in the digital economy, we must be prepared to continuously improve our approach," said Victoria Thomas, information security awareness program lead for Kimberly-Clark.

Working with judges including security experts, academics, and CSOs, the CSO50 Awards recognize organizations and individuals for programs or initiatives that demonstrate outstanding business value and thought leadership.

Stock Performance

On Monday, June 05, 2017, the stock closed the trading session at $130.80, slightly climbing 0.12% from its previous closing price of $130.64. A total volume of 831.10 thousand shares have exchanged hands. Kimberly-Clark's stock price surged 2.04% in the last one month, 14.73% in the past six months, and 0.55% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 14.62%. The stock is trading at a PE ratio of 21.59 and has a dividend yield of 2.97%. The stock currently has a market cap of $46.56 billion.

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