Retirement Stock Portfolio: 7 Safe Dividend Stocks To Invest In

4. Kimberly-Clark Corporation (NYSE:KMB)

Number of Hedge Fund Holders: 45

Kimberly-Clark Corporation (NYSE:KMB) is an American multinational consumer goods and personal company. In Q3 2024, the company reported revenue of $4.95 billion, a 4% decline compared to the same period last year. Through its Powering Care strategy, the company is accelerating its innovation efforts and reducing costs to deliver better consumer solutions across all price points. It is also simplifying its operations to enhance agility and market responsiveness. Kimberly-Clark remains on course to achieve solid growth in operating profit, margins, and EPS for 2024 while continuing to invest in maintaining business momentum into 2025.

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

On November 13, Kimberly-Clark Corporation (NYSE:KMB) declared a quarterly dividend of $1.22 per share, which fell in line with its previous dividend. The company is a Dividend King, with 52 consecutive years of dividend growth under its belt. As of December 17, the stock offers a dividend yield of 3.72%.

Of the 900 hedge funds tracked by Insider Monkey at the end of Q3 2024, 45 hedge funds held stakes in Kimberly-Clark Corporation (NYSE:KMB), up from 43 in the previous quarter. These stakes are collectively valued at over $1 billion.