Early Retirement Portfolio: 10 Stocks to Live Off Dividends

5. Kimberly-Clark Corporation (NYSE:KMB)

Dividend Yield as of January 6: 3.83%

Kimberly-Clark Corporation (NYSE:KMB) is an American multinational consumer goods and personal care company. In the third quarter of 2024, the company posted revenue of $4.95 billion, reflecting a 4% year-over-year decline. The company is actively implementing its “Powering Care” strategy to foster innovation, reduce costs, and provide better solutions across different price points. Its efforts to streamline operations are designed to increase agility and responsiveness in the market. Despite the revenue decrease, the company is positioned to achieve strong growth in operating profit, margins, and earnings per share for 2024, with a focus on maintaining this momentum into 2025. In the past 12 months, the stock has shown a modest return of a little over 2.3%.

In 2024, Kimberly-Clark Corporation (NYSE:KMB) showcased strong cash generation. In the first nine months of the year, the company reported $2.4 billion in operating cash flow, an increase from $2.3 billion in the same period the previous year. Additionally, it returned $2 billion to shareholders through dividends and share buybacks.

Due to this strong balance sheet, Kimberly-Clark Corporation (NYSE:KMB) was able to grow its dividends consistently for 52 consecutive years. The company offers a quarterly dividend of $1.22 per share and has a dividend yield of 3.83%, as of January 6.

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. These stakes have a collective value of more than $1 billion.