Kimberly Clark Maintains Strong Dividend

Kimberly Clark (KMB: 59.80 +0.15%) announced today that its Board of Directors has approved a quarterly dividend of $.60 per share.

Kimberly Clark’s current dividend yield now stands at 4.1%.

The dividend will be payable on October 2, 2009 to shareholders of record as of September 4, 2009.

The stock closed today down 0.3% at $58.27. Since the beginning of 2009, Kimberly-Clark’s shares have gained over 10% which is inline with the 11% gain in the S&P 500 index.

The maker of popular household products, such as Kleenex and Huggies, reported better than second quarter earnings results last week. Sales declined only 6% y/y which was much better than the 9% decline Wall Street was expecting. In addition, the company increased its EPS guidance for the remainder of the year.