Jim Trippon, CPA

After a few days of precipitous declines in the market, it appears that risk appetite may be waning and if that's the case, then defensive investors may do well to check out the consumer staples sector.

The dividends here are usually pretty good and the yields fair, certainly better than what you'll find with CDs or Treasuries.

That said, if you're going to hunt for dividends among the consumer staples, you might as well do so with a company that looks primed to boost its dividend and Kimberly Clark (NYSE: KMB).

The maker of Huggies diapers and Kleenex tissues said last week it expects a "healthy increase" to its dividend this year.

Kimberly Clark already pays a quarterly dividend of 60 cents a share and the stock yields a decent 4%.

This year will represent the 38th consecutive year Kimberly Clark has raised its dividend.

And in case you're trying to decide between a company that is raising its dividend and one that is repurchasing its shares, Kimberly Clark has you covered.

Following in the steps of Tiffany (NYSE: TIF) and Washington Post (NYSE: WPO), which we told you about last week, Kimberly Clark is doing the dividend/repurchase two-step as well.

The company said it will buyback $500 million to $600 million of its own shares this year.