Dividend Kings are a prestigious group of companies that have consistently increased their dividends for at least 50 consecutive years. These companies are often seen as reliable investments due to their proven track record of financial stability and shareholder returns.
One such stock that has recently caught Wall Street's attention is Kimberly-Clark (KMB). Known for its iconic brands like Huggies and Kleenex, Kimberly-Clark has been a reliable dividend payer in the consumer staples sector, boasting over 50 years of consecutive dividend growth. Just recently, the company received a double upgrade, when BofA Securities hiked its rating from "Underperform" to "Buy" and raised its KMB price target to $160.
