5 Best Consistent Dividend Stocks to Buy

4. Kimberly-Clark Corporation (NYSE:KMB)

Dividend Yield as of November 9: 3.71%

Kimberly-Clark Corporation (NYSE:KMB) is a Texas-based multinational manufacturing company that produces paper-based consumer products. In Q3 2022, the company reported an operating cash flow of $798 million, up from $782 million during the same period last year. It also paid $392 million in dividends to shareholders during the quarter, compared with $385 million paid during the prior-year period.

Kimberly-Clark Corporation (NYSE:KMB) has been raising its dividends consistently for the past 49 years, which makes it one of the best dividend stocks on our list. It currently offers $1.16 per share in quarterly dividends and has a dividend yield of 3.71%, as of November 9.

In October, Evercore ISI appreciated the constructive pricing in the company’s tissue business that could help it to rebuild margins. The firm initiated its coverage on the stock with an In-Line rating and a $135 price target.

As of the close of Q2 2022, 24 hedge funds in Insider Monkey’s database owned stakes in Kimberly-Clark Corporation (NYSE:KMB), down from 33 in the previous quarter. These stakes hold a collective value of $507.2 million. Ray Dalio, Ken Griffin, and Cliff Asness were the company’s major stakeholders in Q2.