Kimberly-Clark (KMB) announced a 9.4% increase in the company's quarterly cash dividend. The new quarterly dividend increases to 58 cents per share versus 53 cents per share in the same period last year. The company's projected payout ratio is approximately 51% based on 2008 estimated earnings of $4.57. The 5-year average payout ratio is approximately 50%. KMB has an S&P Quality Ranking of A.
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