#3 - Kimberly-Clark (NYSE:KMB)
You should consider Kimberly-Clark (NYSE:KMB) stock for many of the same reasons as Procter & Gamble. The company’s products are in high demand regardless of the state of the economy and the company has a safe, reliable dividend.
In the case of Kimberly-Clark, the company has increased its dividend for the last 49 years. If it makes it to 50 it will become part of a very select group of stocks known as Dividend Kings. The company also has a payout ratio of just 44.32% suggesting that there is much more room to grow its dividend.
KMB stock is down significantly from its all-time high which was set late last year. However, a key catalyst is likely to remain in place for some time to come.
An event like the Covid-19 pandemic leaves ripple effects that last for years, and sometimes indicate permanent behavioral shifts. Americans will likely continue to buy the products sanitary products. And that trend will be amplified in offices, schools, and other public venues.
About Kimberly-Clark
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.
Read More - Current Price
- $131.80
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 7 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $149.93 (13.8% Upside)
