By Colin Kellaher

 

Kimberly-Clark Corp. on Wednesday said its board raised the quarterly dividend by 1.7%, to $1.18 from $1.16.

The new payout, equal to $4.72 a year, represents an annual yield of about 3.51% based on Tuesday's closing price of $134.63, up from 3.45%.

The Irving, Texas, consumer-products maker said the increased dividend is payable April 4 to shareholders of record March 10.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

January 25, 2023 07:59 ET (12:59 GMT)

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