Jim Cramer Discusses Kimberly-Clark (KMB) & Dividends

Kimberly-Clark Corporation (NASDAQ:KMB) is 1 of the largest user goods companies successful America. Its shares are down by 23% implicit the past twelvemonth and by 1.4% year-to-date. Bank of America precocious chopped the firm’s stock terms people to $130 from $148 and kept a Buy rating. In its coverage, the slope discussed that Kimberly-Clark Corporation (NASDAQ:KMB)’s assemblage was experiencing worth compression and the firm’s translation program was connected track. Citi besides reduced the stock terms people to $90 from $95 and kept a Sell rating. On the quality front, Kimberly-Clark Corporation (NASDAQ:KMB) has experienced a mates of engaged days. The steadfast and Kenvue’s shareholders approved the latter’s acquisition earlier this week, with 96% of Kimberly shareholders voting successful approval. Kimberly-Clark Corporation (NASDAQ:KMB) besides raised its quarterly dividend to $1.28 from $1.26 to people the 54th consecutive increase. The dividend hike followed the firm’s 4th fourth earnings, which saw its adjusted net turn by 24% annually. Cramer tweeted astir Kimberly-Clark Corporation (NASDAQ:KMB)’s dividend:

“UPS and KMB unneurotic portion of a harmless dividend portfolio”

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.