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Kimberly-Clark Announces 12.5 Percent Dividend Increase
DALLAS, Feb. 23, 2005 - Kimberly-Clark Corporation (NYSE: KMB) today said that its board of directors has approved the previously announced dividend increase of 12.5 percent in 2005. This will bring the quarterly dividend to 45 cents per share, up from 40 cents per share in 2004. The board of directors declared the dividend payable on April 4, 2005, to stockholders of record on March 4, 2005.
This is the 33rd consecutive year Kimberly-Clark has raised its dividend and is the third consecutive year of double-digit increases.
"Today's announcement reflects K-C's solid balance sheet and confidence in our continuing ability to generate strong cash flow," said Thomas J. Falk, chairman and chief executive officer. "This increase keeps us in the top-tier of consumer products companies in terms of dividend payout and provides our shareholders with a measure of real growth."
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 position in more than 80 countries. To keep up with the latest K-C news and to learn more about the company's 133-year history of innovation, visit www.kimberly-clark.com.