Jim Cramer Discusses Kimberly-Clark (KMB) & Dividends

Company Overview - Kimberly-Clark Corporation (NASDAQ:KMB) is one of the largest consumer goods companies in America [2] - The company's shares have decreased by 23% over the past year and by 1.4% year-to-date [2] Analyst Ratings - Bank of America has reduced the firm's share price target to $130 from $148 while maintaining a Buy rating, citing value compression in the sector and that the firm's transformation plan is on track [2] - Citi has lowered its share price target to $90 from $95 and has a Sell rating on the stock [2] Recent Developments - Kimberly-Clark Corporation's shareholders approved the acquisition of Kenvue, with 96% voting in favor [2] - The company raised its quarterly dividend to $1.28 from $1.26, marking the 54th consecutive increase [2] - The dividend increase followed the firm's fourth quarter earnings, which reported a 24% annual growth in adjusted earnings [2] Market Commentary - Jim Cramer highlighted Kimberly-Clark Corporation's dividend as part of a safe dividend portfolio [2]