Wal-Mart raises dividend for 44th consecutive year

Dividend Aristocrat Wal-Mart Stores (WMT) will raise its dividend by 2 percent.

The quarterly dividend will be increased to $0.51 per share, marking the 44th consecutive year of dividend increases.

wal-mart dividend aristocrats
"We're proud of our track record of returning significant cash to shareholders and to be increasing our annual dividend for the 44th consecutive year," said Brett Biggs, executive vice president and chief financial officer at Wal-Mart Stores, Inc.

In fiscal year 2017, Walmart returned $14.5 billion to shareholders in the form of dividends and share repurchases.

The current dividend yield for Wal-Mart is 2.9%.

Wal-Mart Stores, Inc. operates discount stores, supercenters, and neighborhood markets in various formats globally. The Company operates through three segments: Walmart U.S., Walmart International and Sam's Club.

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