KMB - Kimberly-Clark: Buy The Drop On This Dividend Aristocrat

2024-01-25 08:05:00 ET

Summary

• Kimberly-Clark's share price dropped by a mid-single digit percentage on lower-than-expected EPS during the fourth quarter.
• Despite the share price decline, Kimberly-Clark has grown its top line and demonstrates strong profitability with gross margin improvement.
• The company has guided for continued growth in 2024, has a strong balance sheet, and recently raised its dividend.
• The forward dividend yield sits at the high end of its historical range.

Earnings season can be a great time to pick up bargains, as the market tends to give knee-jerk reactions to quarterly profit announcements This creates opportunities for value and income investors who don't mind bearing short-term uncertainty for long-term results. This brings me to Kimberly-Clark ( KMB ), whose share price dropped by 5.5% on lower-than-expected EPS during the fourth quarter....

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