Analyst Says Kimberly-Clark (KMB) The Best Dividend Stock to ‘Hide Out’ in Q4

We recently published Top 10 Trending Stocks and ETFs as Analyst Predicts $9 Trillion Productivity Gains Due to AI. Kimberly-Clark Corp (NASDAQ:KMB) is one of the top trending stocks.

Jenny Harrington, CEO and Portfolio Manager at Gilman Hill Asset Management, said in a recent program on CNBC that KMB is currently one of her favorite stocks. Here is why:

“The reason I like it is because I don’t like anything else. I don’t like cash. I don’t like bonds. I don’t like areas of the market that have done well. I don’t like stocks that are already up 25 or 50%. So, what you’ve got with Kimberly-Clark Corp (NASDAQ:KMB), which by the way, we all know what Kimberly does. They make Kleenex, Huggies, toilet paper, they make Scott’s toilet paper, and then the, you know, higher-end Cottonelle toilet paper. But the stock is down 20% over the last 52 weeks, 9% year-to-date, trades at about 16 and a half times earnings, has a 4.2% dividend yield, and come May, people are going to keep using their products. There’s just a huge amount of economic insensitivity. So, this is where I want to hide out in the fourth quarter. Oh, and by the way, even though I don’t like anything else.”

Photo by AlphaTradeZone

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Disclosure: None. This article is originally published at Insider Monkey.