Business News

Kimberly-Clark Announces 3.4 Percent Dividend Increase

Monday 02. March 2009 - Company Increases Dividend For 37th Consecutive Year

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.”