Company Increases Dividend For 36th Consecutive Year
DALLAS, Feb. 21 /CNW/ -- Kimberly-Clark Corporation (NYSE: KMB) today
said its board of directors has approved a dividend increase of 9.4 percent.
This will bring the quarterly dividend to 58 cents per share, up from 53 cents
per share in 2007.
The board of directors declared the dividend payable on April 2, 2008, to
stockholders of record on March 7, 2008. This is the 36th consecutive year
Kimberly-Clark has raised its dividend.
"We remain focused on increasing cash flow and deploying it in
shareholder-friendly ways, with a continuing objective to raise the dividend
at a high-single to low double-digit rate annually," said Thomas J. Falk,
chairman and chief executive officer. "In terms of dividend payout, this
increase continues Kimberly-Clark's top-tier ranking among consumer packaged
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 136-year history of innovation, visit http://www.kimberly-clark.com.
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