Dividend Increase Announcement
On February 21st, Walmart announced a dividend increase of 1.8%. This will increase their dividend from $0.56 to $0.57. It is payable on April 3rd for shareholders of record on March 17th. The new dividend represents an annualized dividend amount of $2.28 per share as compared to the current annualized dividend amount of $2.24 per share.
Walmart Dividend Information
Annual Dividend: $2.28
Dividend Growth History: 50 years
Dividend Yield: 1.56%
Dividend Increase Effect
I am currently holding 11.549 shares of Walmart stock in the More Dividends portfolio. With this 1.8% increase it will add an additional $0.46 to my projected annual dividend income and this doesn’t even take into account the compounding factor! That brings the new grand total up to $2,437.44.
This dividend increase makes a very small impact on my portfolio. It is great that the company has been increasing their dividend for 50 consecutive years now. Despite the possibilty of a decline in their future earnings in the short term, I still see the company having the ability to continue to increase their dividend for many more years to come.
To Learn More About Dividend Investing Check Out This Book Called DIVIDEND INVESTING FOR BEGINNERS.
Current Stock Position
I imagine that everyone on the planet has heard and probably shopped at a Walmart. I hold a small position in the company and that is only because the share price has more than doubled since I initiated the position.
I didn’t have much capital to invest with back then so I had to start with smaller positions. I was able to build onto a lot of my other positions but that was not the case with Walmart. Almost immediately, after starting the position the share price began to rise.
I have always tried to standby the rule of never buying when the share price is above my cost basis. So I have never added onto the Walmart position.
If I ever see a day when the share price comes back down, I would love to be able to add onto this position until then I will continue to allow this position to compound the dividends.
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
Recent Dividend Increases in Portfolio
Archer Daniels Midland Increases Their Dividend by 12.5% in 2023
Realty Income Increases Their Dividend by 2.4% in 2023
Coca Cola Increases Their Dividend by 4.5% in 2023
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