This week WMT announced a 2.0% increase in its quarterly dividend. This is the 43nd consecutive year of dividend increases. The dividend is raised from $0.50 to $0.51. The dividend pay date is April 3, 2017 to shareholders of record on March 10, 2017 (ex dividend March 8, 2017).
Charles Holley, executive vice president and chief financial officer:
“We accomplished this while also returning a substantial amount of cash to shareholders. In fact, over the past year, we returned $14.5 billion to shareholders in the form of dividends and share repurchase. As of the end of the fiscal year, we had used approximately $10.8 billion of the current $20 billion share repurchase authorization. Additionally, today we announced an increase in our annual dividend from $2.00 per share to $2.04 per share in fiscal 2018. We’ve now increased our dividend for 44 consecutive years. We’re proud of our track record of returning significant cash to shareholders, while investing in future growth.”
The new dividend amount represents an annualized dividend amount of $2.04 per share, up from $2.00. The dividend yield on current price is 2.94 %. 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 €73 after taxes. While WMT’s dividend increase is small in size, I think it’s better than no increase!