Walmart raised its annual dividend for the 47th consecutive year.
On February 18, 2020 WMT announced a 1.9% increase in its quarterly dividend. This is the 47th consecutive year of dividend increases. Walmart raises the dividend from $0.53 to $0.54. The dividend pay date is April 6, 2020 to shareholders of record on March 20, 2020 (ex dividend March 19, 2020).
Brett Biggs, executive vice president and chief financial officer:
“We’re proud of our track record of returning meaningful cash to shareholders and are pleased to be increasing our annual dividend for the 47th consecutive year,”
The new dividend amount represents an annualized dividend amount of $2.16 per share, up from $2.12. The dividend yield on current price is 1.83 %.
My Vrijheid Fonds consist of 45 shares of WMT, so my annual dividends in 2020 will increase by € 1.06 ($1.15) after taxes. My projected annual total amount from my shares of WMT will be €75 after taxes. While WMT’s dividend increase is small in size, I think it’s better than no increase!
This is my 13th dividend increase already in 2020 for my Vrijheid Fonds!!!
Have you had a lot of dividend increase yet? And what do you think of this inc