Would shares of Kimberly-Clark within a portfolio be considered a defensive stock? To answer this question, consider whether the company generates a significant amount of cash flow, and how much of it is used for dividends and share repurchases. How is Kimberly-Clarks distribution policy impacting the company and is it increasing or decreasing its EPS and dividends-per-share? Would knowing Kimberly-Clarke's beta help you to answer this question?