Kimberly-Clark announces 8.2% dividend increase
Feb 22, 2007. Company increases dividend for 35th consecutive year.
Feb 22, 2007. /Lesprom Network/. Kimberly-Clark Corporation said on February 21 its board of directors has approved a dividend increase of 8.2%. This will bring the quarterly dividend to $0.53 per share, up from $0.49 per share in 2006.
The board of directors declared the dividend payable on April 3, 2007, to stockholders of record on March 9, 2007. This is the 35th consecutive year Kimberly-Clark has raised its dividend.
"We continue to run our business in a financially disciplined manner and today's announcement reflects K-C's solid balance sheet and confidence in our ability to generate strong cash flow," said Thomas J. Falk, chairman and chief executive officer. "This increase is in line with our long-term business plan objectives and, in terms of dividend payout, maintains our top-tier ranking among consumer packaged goods companies."
Kimberly-Clark and its well-known global brands are an indispensable part of life for people in more than 150 countries. Every day, 1.3 billion people – nearly a quarter of the world's population – trust K-C brands and the solutions they provide to enhance their health, hygiene and well-being. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark holds the №1 or №2 share position in more than 80 countries.