Dividend Increase Announcement
On February 18th, Walmart. announced a dividend increase of 1.9%. This will increase their dividend per quarter from $0.54 to $0.55. It is payable on April 5th for shareholders of record on March 18th. The new quarterly dividend represents an annualized dividend amount of $2.20 per share as compared to the current annualized dividend amount of $2.16 per share.
Walmart Dividend Information
Annual Dividend: $2.20
Dividend Yield: 1.49%
Dividend Growth History: 45 years
Payout Ratio: 40.15%
Dividend Increase Affect On More Dividends
I am currently holding 11.19 shares of Walmart in the More Dividends portfolio. With this 1.9% increase it will add an additional $0.45 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
I originally initiated this position in Walmart at a time when everyone was saying that Walmart was getting destroyed by Amazon. Here we are several years later and Walmart is still continuing to generate hundreds of billions of dollars in revenue. They have continue to increase their dividend and are growing stronger every day.
At the time, I could see that Walmart was way behind on ECommerce but they were superior when it came to their distribution network. I knew that with a large company like Walmart that it would take them some time to pivot and to catch up in the ECommerce space. Since then they have continued to acquire ecommerce companies and to build out their ecommerce platform.
As a shareholder I am benefitting by the growth in the business as well as the increasing dividend.
Cheers to the management team and I look forward to seeing their progress in the future.
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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