A dividend increase by Walmart.
This week WMT announced a 2.0% increase in its quarterly dividend. This is the 44th consecutive year of dividend increases. The dividend is raised from $0.51 to $0.52. The dividend pay date is April 2, 2018 to shareholders of record on March 9, 2018 (ex dividend March 8, 2018).
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 45th consecutive year.”
The new dividend amount represents an annualized dividend amount of $2.08 per share, up from $2.04. The dividend yield on current price is 1.99 %.
My Vrijheid Fonds consist of 45 shares of WMT, so my annual dividends in 2018 will increase by € 0.93 ($1.15) after taxes.
My projected annual total amount from my shares of WMT will be €64 after taxes.
While WMT’s dividend increase is small in size, I think it’s better than no increase!