Tuesday, January 26, 2021

Dividend Increase #4 of 2021 - Kimberly-Clark Corporation (KMB)

 


Yesterday, January 25th the Board of Directors of Kimberly-Clark Corporation (KMB) announced a quarterly dividend increase of from $ 1.07 to $ 1.14 per share that’s payable April 5, 2021 to holders of record March 5, 2021. This represents a 6.54% increase over the last quarterly dividend.

 

This is the 49th consecutive annual increase in the dividend. The Board also authorized a new $5 billion share repurchase program which supplements the current $5 billion authorization that is expected to be completed later in 2021.  These actions reflect the company's strong cash flow and growth prospects along with an ongoing commitment to return cash to shareholders.

 

With current price $ 136.51 (yesterday's close), this raise brings their dividend yield to 3.34%.

 

KMB is a Dividend Champions with an 48 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 3.7, 3.4, 4.0 and 5.5 (Dividend Champions.xls)

 

 

Since I own 13 shares of KMB, this will increase my portfolio's projected annual net dividend income by $ 2.71.

 

The increase was a pleasant surprise as I was expecting a 3 cent increase and came 7 cents.

 

This is the 3rd dividend increase I've received from Kimberly-Clark Corporation since initiating a position in February 2018.  Total dividend growth over that time is passable at 14.0%.

 

This increase raises my YOC to 4.25%.

 

 

Summary of 2021 Dividend Increases / Cuts

 

 

Click here to see my portfolio holdings.

 

You can follow the development of my dividends here.

 

Full Disclosure: Long KMB

 

Thanks for stopping by!

 

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