Recent Buy: Kimberly-Clark Corporation (KMB)

ID-100426334 Recent Buy: Kimberly-Clark Corporation (KMB)I increased my position with the purchase of more shares of Kimberly-Clark Corporation (KMB)

10 shares @ $105.11 on 10/31/2018.

This increases my forward 12-month dividend income by $40 to a total of $6,840.40

I also updated my portfolio page to reflect the change.

 

 

 

My Thoughts

This was the other stock that I purchased once I sold out of OMIAs a reminder, I used the capital from the OMI sell to also buy more shares of IBM.  

Kimberly-Clark has been increasing its dividend for the past 46 years. Which is outstanding. However, the dividend growth rate as slowed down. For example, the 10-year dividend growth rate sits at 6.7% and the 5-year dividend growth rate is at 6.5%. The most recent dividend increase happened in January of this year which was an increase of only 3.1%.

Sometime in the first quarter of next year, we should see another increase from this company. I am hoping something over 4%.

The reason why I bought more shares of this company is that I see this as a forever company. Also, they sport a very safe dividend of 62% based on 2017 adjusted earnings. This year they are expected to increase there adjusted earnings by 7%. This will lower the dividend payout very nicely, and allow the company to increase the dividend over 4%.

I find KMB to be fairly valued, and I recommend it as a HOLD at this time. I have a fair value price at $101.24. This means that KMB is 10.5% Overvalued based on today’s price of $113.19 (12/03/2018).

Screen-Shot-2018-12-03-at-7.42.09-PM Recent Buy: Kimberly-Clark Corporation (KMB)

Source: Fastgraphs.com

 

What do you think of the company? Plan on owning it or already do? or why not?

 

Thanks for reading, and don’t forget to connect with me through Facebook and Twitter to see my latest buys.

 

Image by Sira Anamwong at FreeDigitalPhotos.net

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