Published on 4 Dec 2021 on Simply Wall St. via Yahoo Finance
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Kimberly-Clark Corporation (NYSE:KMB) is about to go ex-dividend in just 4 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Therefore, if you purchase Kimberly-Clark's shares on or after the 9th of December, you won't be eligible to receive the dividend, when it is paid on the 4th of January.
The company's next dividend payment will be US$1.14 per share, and in the last 12 months, the company paid a total of US$4.56 per share. Calculating the last year's worth of payments shows that Kimberly-Clark has a trailing yield of 3.4% on the current share price of $135.39. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
Check out our latest analysis for Kimberly-Clark