Dallas, Texas, USA, 27 February 2009 – Kimberly-Clark Corporation (NYSE: KMB) today said its board of directors has approved a dividend increase of 3.4%. 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 02 April 2009, to stockholders of record on 06 March 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. 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.