10 Best Halal Dividend Stocks To Invest In

8. Kimberly-Clark Corporation (NYSE:KMB)

Number of Hedge Fund Holders: 45

Kimberly-Clark Corporation (NYSE:KMB) ranks eighth on our list of the best halal stocks. The Texas-based multinational consumer goods and personal care company offers related products and services to its consumers. The company has a proven ability to deliver steady performance regardless of economic conditions, making it a resilient choice even during broader market downturns. However, it is currently facing significant pressure on both pricing and volume. In the first three quarters of 2024, consolidated volumes grew by only 1%, while net prices rose 2%. Overall consolidated growth declined by 2%, largely due to unfavorable currency impacts. In the past 12 months, the stock has surged by just a little over 3%.

In the third quarter of 2024, Kimberly-Clark Corporation (NYSE:KMB) reported revenue of $4.95 billion, which fell by 4% from the same period last year. However, its cash position remained encouraging for investors. In the first nine months of the year, the company reported an operating cash flow of $2.4 billion, up from $2.3 billion in the prior-year period. Moreover, it also returned $2 billion to shareholders through dividends and share repurchases.

Due to this strong cash generation, Kimberly-Clark Corporation (NYSE:KMB) was able to raise its payouts for 51 consecutive years. The company offers a quarterly dividend of $1.22 per share and has a dividend yield of 3.87%, as of January 22.

Insider Monkey’s database of Q3 2024 indicated that 45 hedge funds held stakes in Kimberly-Clark Corporation (NYSE:KMB), up from 43 in the previous quarter. The consolidated value of these stakes is over $1 billion. Among these hedge funds, D E Shaw was the company’s leading stakeholder in Q3.