Health and hygiene products maker Kimberly-Clark Corporation (
) on Tuesday posted a 2% rise in fourth quarter profit - enough to
beat analyst estimates.
The Dallas-based company reported fourth quarter net income of
$492 million, or $1.20 per share, compared with $492 million, or
$1.17 per share, in the year-ago period.
Revenue rose almost 2% from last year as well, to $5
On average, Wall Street analysts expected a smaller profit of
$1.15 per share, on matching sales of $5 billion.
Looking ahead, the company predicted a 3% to 4% rise in sales
Kimberly-Clark shares rose 53 cents, or +0.8%, in premarket
The Bottom Line
We have been recommending shares of Kimberly-Clark (
) since July 23, 2009, when the stock was trading at $54.46. The
company has a 4.13% dividend yield, based on last night's closing
stock price of $63.97.
Kimberly-Clark Corporation (
) is a "Recommended" dividend stock, holding a Dividend.com DARS™
Rating of 3.5 out of 5 stars.
Be sure to visit our complete recommended list of the
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, as well as a detailed explanation of
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