|By PR Newswire||
|February 25, 2014 01:32 PM EST||
DALLAS, Feb. 25, 2014 /PRNewswire/ -- Kimberly-Clark Corporation (NYSE: KMB) today said its board of directors has approved a dividend increase of 3.7 percent. 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, 2014 to stockholders of record on March 7, 2014. 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 well-known global brands are an indispensable part of life for people in more than 175 countries. Every day, nearly a quarter of the world's population trust K-C's 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 No. 1 or No. 2 share positions in more than 80 countries. To keep up with the latest K-C news and to learn more about the company's 142-year history of innovation, visit www.kimberly-clark.com.
SOURCE Kimberly-Clark Corporation