Kimberly-Clark Corporation (KMB), a global leader in personal care products, has announced that its board of directors has declared a regular quarterly dividend of $1.18 per share. This represents a 6.3% increase from the previous quarterly dividend of $1.11 per share. The dividend is payable on July 5, 2023, to stockholders of record as of June 9, 2023.

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Kimberly-Clark's dividend history

Kimberly-Clark has been paying dividends for 89 consecutive years, starting in 1935. Kimberly-Clark has also increased its dividend for the 51st consecutive year, which is a testament to the company's financial strength and commitment to its shareholders.

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Kimberly-Clark's financial performance

Kimberly-Clark has consistently demonstrated strong financial performance. In the first quarter of 2023, the company reported net sales of $5.2 billion, which is a 3% increase compared to the same period last year. The company's net income for the quarter was $656 million, which is a 7% increase compared to the same period last year.

The company's financial performance has been driven by its portfolio of leading brands, including Huggies, Kleenex, and Cottonelle.

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