Company Increases Dividend For 37th Consecutive Year
DALLAS, Feb. 27 /CNW/ -- Kimberly-Clark Corporation (NYSE: KMB) today
said its board of directors has approved a dividend increase of 3.4 percent.
This will bring the quarterly dividend to 60 cents per share, up from 58 cents
per share in 2008.
The board of directors declared the dividend payable on April 2, 2009, to
stockholders of record on March 6, 2009. This is the 37th consecutive year
Kimberly-Clark has raised its dividend.
"The strength of our cash flow and balance sheet gives us confidence to
increase the dividend despite the current global economic weakness," said
Thomas J. Falk, chairman and chief executive officer. "We recognize that an
attractive dividend yield is an important consideration for shareholders and
we are committed to maintaining Kimberly-Clark's rating as a top-tier dividend
payer 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 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 137-year history of innovation, visit www.kimberly-clark.com.
For further information:
For further information: Media, Dave Dickson, +1-972-281-1481,
email@example.com, Investors, Mike Masseth, +1-972-271-1478, firstname.lastname@example.org,
both of Kimberly-Clark Corporation Web Site: http://www.kimberly-clark.com