Kimberly-Clark Announces Quarterly Dividend of $1.28 Per Share
Kimberly-Clark Corporation (KMB) has declared a quarterly dividend of $1.28 per share, maintaining its previous payout level. The distribution carries a forward yield of approximately 4.7%. Shareholders of record as of December 4 will receive the payment on January 5. The announcement comes amidst broader discussions regarding the company's financial restructuring and cost-saving initiatives. Kimberly-Clark has previously outlined plans to achieve $1.9 billion in cost synergies and aims to target a leverage ratio of approximately 2x within two years following the closure of its Kenvue transaction.
Topics: cost synergies dividend declaration earnings beat operating profit miss