Kimberly-Clark’s dividend hike props up stock despite earnings miss - MarketWatch
1. KMB raised its quarterly dividend by 3.3% to $1.26. 2. Fourth-quarter profit missed consensus; net income down to $447 million. 3. Sales dropped 0.8% to $4.928 billion, just above FactSet consensus. 4. CEO anticipates 2024 as a breakthrough year with a multiyear transformation. 5. Weak currency and divesting businesses will impact sales and EPS growth.