Wal-Mart Stores Inc. (NYSE: WMT) today announced a 9% increase in its annual dividend, from $1.46/share to $1.59/share. The increase is effective with the company’s first fiscal quarter of 2013, which ends in April.
Walmart’s CEO said:
Our free cash flow continues to fund store growth across all our markets, facilitate strategic acquisitions and deliver returns to shareholders through dividends and share repurchase. We returned $11.3 billion to shareholders through dividends and share repurchase during fiscal 2012. We have high expectations for fiscal year 2013. Our core Walmart U.S. business is back on track. International remains our strong growth engine and Sam’s Club continues to drive sales momentum. And, we will continue to build our e-commerce capabilities to serve more customers around the world.
Smart Investors Are Quietly Loading Up on These “Dividend Legends”
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
