Jim Cramer Says “I Think at 5.25% Yield, I Want to Own Kimberly-Clark (KMB)”

Kimberly-Clark Corporation (NASDAQ:KMB) is among the stocks Jim Cramer discussed alongside the tech market divide. When a caller inquired about the stock during the episode, Cramer said:

Well… Remember, it just had that fire, the six-alarm fire at its largest distribution center of toilet paper. Let’s, you know, Mike Hsu did not necessarily set that out, for that to happen. Five and a quarter percent, let’s go over this, 5.25% yield, buying Kenvue, it’s going to be additive to the situation. I am going to stick my neck out and say, even though it’s at 13 times earnings, I think you should buy more… I really do. I think you should average down. I know people don’t like to hear that, but I’m, I have great faith in Mike Hsu. And I think at 5.25% yield, I want to own Kimberly-Clark.

Photo by Adam Nowakowski on Unsplash

Kimberly-Clark Corporation (NASDAQ:KMB) manufactures personal care products and provides items such as diapers, wipes, feminine and incontinence care products, and household paper goods.

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