Polliesdividend

DIVIDEND INCREASE WALMART (WMT)

Today WMT announced a 2.0% increase in its quarterly dividend. This is the 42nd consecutive year of dividend increases. The dividend is raised from $0.49 to $0.50. The dividend pay date is April 4, 2016 to shareholders of record on March 11, 2016 (ex dividend March 9, 2016).

Charles Holley, executive vice president and chief financial officer:

We are proud of our history of consistent shareholder returns.  This will mark 42 consecutive years of increasing dividends for our shareholders. The strength of our balance sheet and strong free cash flow continues to enable a dividend increase, even as we invest more to strategically position Walmart to better serve our customers.

The new dividend amount represents an annualized dividend amount of $2.00 per share, up from $1.96. The dividend yield on current price is 3.03 %.

My Vrijheid Fonds consist of 45 shares of WMT, so my annual dividends will increase by $1.53 (after taxes). My projected annual total amount from my shares of WMT will be $76.50 after taxes.

While WMT’s dividend increase is small in size, I think it’s better than no increase!

Cheers,

Pollie

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