Walmart raises dividend for 45th consecutive year

Dividend Aristocrat Walmart Inc., formerly Wal-Mart Stores (WMT), will raise its dividend to $2.08 per share for fiscal 2019, marking the 45th consecutive year of dividend increases.

The Board of Directors of Walmart Inc. approved an annual cash dividend for fiscal year 2019 of $2.08 per share, an increase of 2 percent from the $2.04 per share paid for the last fiscal year.

“We’re proud of our track record of returning meaningful cash to shareholders and are pleased to be increasing our annual dividend for the 45(th) consecutive year,” said Brett Biggs, executive vice president and chief financial officer at Walmart Inc. 

In fiscal year 2018, Walmart returned $14.4 billion to shareholders in the form of dividends and share repurchases.

The current dividend yield for Walmart is 2.2%. The stock is losing 10.2 percent today at $94.11, resulting in a market cap of $310 billion. Last year Walmart also hiked its dividend by 2 percent.

Walmart Inc. operates discount stores, supercenters, and neighborhood markets in various formats globally. The company helps people around the world save money and live better - anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, nearly 270 million customers and members visit our more than 11,700 stores under 59 banners in 28 countries and eCommerce websites. With fiscal year 2018 revenue of $500.3 billion, Walmart employs approximately 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity.