Dividend Increase Announcement
On February 18th, Walmart announced a dividend increase of 1.9%. This will increase their dividend per quarter from $0.53 to $0.54. It is payable on April 6th for shareholders of record on March 20th. The new quarterly dividend represents an annualized dividend amount of $2.12 per share as compared to the current annualized dividend amount of $2.16 per share.
Walmart Dividend Information
Annual Dividend: $2.16
Dividend Yield: 1.83%
Dividend Growth History: 46 years
Payout Ratio: 42.50%
Dividend Increase Affect On More Dividends
I am currently holding 11.008 shares of Walmart in the More Dividends portfolio. With this 1.9% increase it will add an additional $0.44 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
Walmart is a leader in its industry. They are one of the few retailers that I an see surviving as the trend turns more to online shopping.
As a result, I would love to be able to add to this position but currently the share price has almost doubled compared to my cost basis. So unfortunately, I will not be adding to this position no time soon but I do hope that the opportunity comes back around sometime.
Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉
Do you currently hold any stock in Walmart? What do you think of this dividend increase? Just let me know in the comments.
As always I look forward to reading all of your comments and questions, until then….. happy investing!
-Jason from MoreDividends.com
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