Kimberly-Clark announces 5.7% dividend increase
Feb 28, 2012. Kimberly-Clark Corporation's Board of Directors has approved a dividend increase of 5.7%. This will bring the quarterly dividend to 74 cents per share, up from 70 cents per share in 2011.
Feb 28, 2012. /Lesprom Network/. Kimberly-Clark Corporation's Board of Directors has approved a dividend increase of 5.7%. This will bring the quarterly dividend to 74 cents per share, up from 70 cents per share in 2011, as the company said in a press release received by Lesprom Network.
The Board of Directors declared the dividend payable on April 3, 2012 to stockholders of record on March 9, 2012. This is the 40th consecutive year Kimberly-Clark has raised its dividend; and the 78th straight year the company has paid dividends.
"This dividend increase reflects the underlying strength of our business and our focus on allocating cash flow in shareholder-friendly ways," said Thomas J. Falk, Chairman and CEO. "Kimberly-Clark continues to provide a top-tier dividend payout among consumer packaged goods companies, and this is an important component of our strategy to deliver strong returns to shareholders."
Kimberly-Clark is an American corporation that produces mostly paper-based consumer products.