A dividend increase by Walmart
Last week WMT announced a 1.9% increase in its quarterly dividend. This is the 46th consecutive year of dividend increases. The dividend is raised from $0.52 to $0.53. The dividend pay date is April 1, 2019 to shareholders of record on March 15, 2019 (ex dividend March 14, 2019).
Brett Biggs, executive vice president and chief financial officer:
“Dividends remain a key part of our capital allocation after we invest in the business to sustain long-term success. We are pleased to be increasing our annual dividend for the 46th consecutive year, which reflects the confidence we have in our future growth and strong balance sheet.”
The new dividend amount represents an annualized dividend amount of $2.12 per share, up from $2.08. The dividend yield on current price is 2.08 %.
My Vrijheid Fonds consist of 45 shares of WMT, so my annual dividends in 2019 will increase by € 1.01 ($1.15) after taxes.
My projected annual total amount from my shares of WMT will be €71 after taxes.While WMT’s dividend increase is small in size, I think it’s better than no increase!
This is my 11th dividend increase already in 2019 for my Vrijheid Fonds!!!