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DALLAS, Feb. 21, 2008 - Kimberly-Clark Corporation (NYSE: KMB) today said its board of directors has approved a dividend increase of 9.4 percent. This will bring the quarterly dividend to 58 cents per share, up from 53 cents per share in 2007.
The board of directors declared the dividend payable on April 2, 2008, to stockholders of record on March 7, 2008. This is the 36th consecutive year Kimberly-Clark has raised its dividend.
"We remain focused on increasing cash flow and deploying it in shareholder-friendly ways, with a continuing objective to raise the dividend at a high-single to low double-digit rate annually," said Thomas J. Falk, chairman and chief executive officer. "In terms of dividend payout, this increase continues Kimberly-Clark's top-tier ranking 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. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark holds the No. 1 or No. 2 share positions in more than 80 countries. To keep up with the latest K-C news and to learn more about the company's 136-year history of innovation, visit www.kimberly-clark.com.