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%.

Popular posts from this blog

Two dividend growth monsters that nobody knows about (yet)!

-
Image
The Dividend Freak highlights two amazing dividend growers In the new Dividend Freak video two great dividend growth stocks are highlighted: Fastenal and Penske Automotive. Not many people know that these companies have a strong track record and increase the dividend by double digits annually. We also look at the almost 20 dividend hikes in the second and third week of January 2024, including several Aristocrats and two monthly dividend payers.
Read more