Dividend Aristocrat Kimberly-Clark earnings beat expectations, raises 2020 dividend.
Dividend Aristocrat Kimberly-Clark (KMB) has reported adjusted EPS that is up 7% at $1.71 for Q4-2019, just one cent above the consensus, for revenue that is flat at 4.6 billion dollars.
Kimberly-Clark, which in particular owns the Huggies and Kleenex brands, 2019 full-year adjusted EPS is up 4% at $6.89, with organic sales growth of 4%, beating analysts’ expectations.
KMB board has decided to increase its quarterly dividend by 3.9% to $1.07 per share and said that for 2020 it aims for adjusted EPS of between 7.10 dollars and 7.35 dollars, on an organic sales growth of 2%.
Kimberly-Clark is up +2.86 (+1.98%) trading at $147.25. The current dividend yield is 2.85%.