This Dividend King Just Offered a Buy-the-Dip Opportunity
Deal skepticism and litigation fears still weigh on this consumer staples stalwart.
Overview
With 55 years of consecutive dividend growth, Kimberly-Clark (NASDAQ: KMB) is one of the Dividend Kings. Despite this distinction, bearish sentiment persists for this consumer staples stock.
Why? Blame it on its pending acquisition of Kenvue (NYSE: KVUE). This deal, which adds brands like Tylenol and Band-Aid to Kimberly-Clark's existing portfolio of brands like Kleenex and Huggies, seems on paper to be a great opportunity for cost and growth synergies, but concerns about possible litigation risks persist.
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Source
Originally published at www.fool.com.
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