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Friday, January 19, 2018

Recent Buy: Kimberly Clark Corp (KMB)

I recently added to my position of Kimberly Clark by another 8 shares for $114.40 a share. 

I really like this company and wanted to buy on the weakness. This is a global company that manufactures products such as toilet paper, paper towels, tissues, tampons, and diapers. Their brands include Huggies, Pull-ups, Kleenex, Cottonelle, Viva, Scott, and Kotex.

Talk about useful products!

This may not be the most exciting company in the world, but they sell essential products that we all use on a daily basis. I really like this company and wanted to add more on the recent weakness. 

I'm not going to delve too much into the fundamentals of the company, but they yield a 3.3% dividend and are most likely to increase that in the next quarter around 5% or so. This would bring their dividend up to around $1.02 a share and the yield up to around 3.5%

With a payout ratio of around 64% they have room to continue to grow the dividend. 

This to me was a great a buy and a company I'm very happy with. 
Overall I added another $31 of dividend income and the dividend train keeps on chugging. 

Let me know what you think!

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