Walmart Increases Their Dividend by 1.8% in 2023

Posted by More Dividends in Dividend Increases On February 22, 2023

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.

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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