12 Best Dividend Stocks to Invest In According to Jim Simons’ Renaissance Technologies

7. Kimberly-Clark Corp (NASDAQ:KMB)

Dividend Yield: 4.46%

Number of Hedge Fund Holders: 59

Renaissance Technologies Equity Stake: $127.10 Million

Kimberly-Clark Corp (NASDAQ:KMB) is one of the best dividend stocks to invest in, according to Jim Simons’ Renaissance Technologies. On July 1, Arbex, the joint venture formed by Kimberly-Clark Corp (NASDAQ:KMB) and Suzano, started operating as an independent company.

The $3.4 billion joint venture is positioned to pursue opportunities as an international tissue and hygiene company with operations in more than 70 markets. The company is to produce and sell leading global and regional brands, including Kleenex, Scott, Cottonelle, Andrex, and Viva. It has also assumed ownership of assets previously run by Kimberly-Clark’s International Family Care & Professional (IFP) business unit, which includes 22 manufacturing sites in 14 countries.

Earlier on June 17, Piper Sandler reiterated a Buy rating on Kimberly-Clark Corp and raised the price target to $121 from $115. The price target hike underlines the research firm’s confidence that the company is benefiting from an incrementally favorable cost outlook that appears manageable, supported by strong productivity momentum

Kimberly-Clark Corp (NASDAQ:KMB) is a global consumer goods leader that manufactures and markets essential personal care, health, and hygiene products. Its core offerings include baby and child care items (such as Huggies diapers), feminine care products (such as Kotex), and adult care products (such as Depend incontinence products).