News Column

Kimberly-Clark Declares Dividend

February 28, 2014

Kimberly-Clark Corp. said its board of directors has approved a dividend increase of 3.7 percent.

In a release on Feb. 25, the Company said this will bring the quarterly dividend to $.84 per share, up from $.81 per share in 2013.

The board of directors declared the dividend payable on April 2 to stockholders of record on March 7. This is the 42nd consecutive year Kimberly-Clark has raised its dividend and the 80th straight year the company has paid dividends.

"This dividend increase reflects our ongoing commitment to allocate capital in shareholder-friendly ways and remains an important component of our plan to deliver strong returns to shareholders," said Thomas J. Falk, chairman and chief executive officer. "We continue to provide a top-tier dividend payout among our peer consumer packaged goods companies, and this increase will help us maintain an appropriate payout taking into account the planned spin-off of our health care business later this year."

Kimberly-Clark and its global brands are a part of life for people in more than 175 countries.

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Source: Manufacturing Close - Up

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