S&P 500
7,489.00
-0.62%
Dow Jones
52,261.80
-0.57%
Nasdaq 100
28,761.00
-0.89%
Russell 2000
2,959.98
-0.61%
FTSE 100
10,520.00
-0.52%
Nikkei 225
63,815.60
-3.18%

Companies and Brands

Wal-Mart Delivers Again on a Dividend Hike (WMT)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
Wal-Mart Stores, Inc. (NYSE: WMT) is a member of our own 2012 Model Dividend Portfolio and now we are again seeing why that is.  The stock chart has been in trouble since its last earnings warning, but Wal-Mart is trying to compensate with yet another raised dividend rate.

The new annualized dividend will be $1.59 per share, which represents a 9% hike to the payout from the previous rate of $1.46 per share on an annualized basis.  The new rate will be paid to shareholders in four quarterly payments of $0.3975 per share.

Shares closed at $59.08 on Wednesday and the shares are indicated up almost 1% around $59.60.  At the new price of $59.60, the prior yield was 2.45%.  The new rate is now going to be 2.66%.

This might not be a huge yield for a DJIA component but this is a high yield compared to many retail names out there.  By the way, go ahead and expect another dividend hike in a year from now.

Wal-Mart’s 52-week trading range is $48.31 to $62.63 and Thomson Reuters has a consensus price target of $63.74.

JON C. OGG

Contact [email protected] for any questions or corrections.

DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Douglas A. McIntyre |

Wal-Mart Raises Dividend, Will Other Retailers Follow? (WMT, COST, TGT, JCP, M, SHLD, JWN, BBY, GPS, KSS)

When the going gets tough, the tough raise their dividends. At least that’s the way it seems with Wal-Mart Stores…

Jon C. Ogg |

Many Big DJIA Dividend Hikes Expected Very Soon

24/7 Wall St. is still a big fan of dividends. What is even better than a high dividend yield is…

Jon C. Ogg |

Retail May Be The Next Major Dividend Growth Sector (LTD, WFM, KR, GPS, TIF, KSS, WMT, TGT, ANF)

The retail sector has historically not the place for income and dividend investors seeking high payouts.  The reason is simple:…

7 Giant Companies Raising Their Dividends for 25 Years or More
Jon C. Ogg |

7 Giant Companies Raising Their Dividends for 25 Years or More

These corporate giants have stated or admitted on their own that they are in the 25-year dividend hike game.

Jon C. Ogg |

Wal-Mart Raising Billions Via Debt Sale (WMT)

Wal-Mart Stores, Inc. (NYSE: WMT) had a bit of unusual debt rating coverage this morning after Fitch reiterated Wal-Mart’s “AA”…

Jon C. Ogg |

Target Dividend Hike Goes To Industry Premium on Payouts (TGT, WMT, COST)

Target Corp. (NYSE: TGT) did manage to deliver on a dividend hike today.  It is not very fun to claim,…

Jon C. Ogg |

The 8 Greatest Dividend Gains For 2011 (AWK, CSCO, XOM, FDX, GE, HPQ, JPM, WMT)

Corporation are now sitting on billions and billions of dollars in their corporate treasuries.  They are keeping their share prices…

Jon C. Ogg |

The 10 Biggest Dividend Stories of 2010 (GE, SBUX, UNH, MSFT, INTC, JPM, VZ, T, WMT, WY, BP, CSCO, AAPL)

2009 was the year that dividends were cut or went on hold.  2010 is becoming the greatest year of increases…

Jon C. Ogg |

More Big Dividend Hikes Coming in 2011 (ABT, AWK, DPS, XOM, KMB, NEE, TGT, WMT)

Last week we began a series of companies which we expect will raise their dividends in 2011.  It was the…

Top Gaining Stocks

Abbott Laboratories
ABT • Vol: 32,759,274
J.B. Hunt Transport Services
JBHT • Vol: 2,470,629
Erie Indemnity
ERIE • Vol: 551,449
Dexcom
DXCM • Vol: 6,640,120
Cintas
CTAS • Vol: 4,247,943

Top Losing Stocks

Seagate Technology
STX • Vol: 6,222,077
Corning
GLW • Vol: 17,711,232
Western Digital
WDC • Vol: 10,542,662
Coterra Energy
CTRA • Vol: 73,319,495
Super Micro Computer
SMCI • Vol: 36,032,049