Wal-Mart Stores increases dividend for 42nd consecutive year

Retailer and Dividend Aristocrat Wal-Mart Stores will raise its dividend by 2,1%.

The quarterly dividend will be hiked from $0,48 to $0,49 per share, marking 42 years of consecutive dividend increases.

“We are proud of our history of consistent shareholder returns. This will mark 42 consecutive years of increasing dividends for our shareholders,” said Charles Holley, executive vice president and chief financial officer. “The strength of our balance sheet and strong free cash flow continues to enable a dividend increase, even as we invest more to strategically position Walmart to better serve our customers.”

Based on the new annual dividend of $1,96 per share Wal-Mart currently has an indicated dividend yield of 2,3%.

Last year Wal-Mart (NYSE:WMT) increased its dividend also by 2,1%.

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