Wal-Mart Increases Dividend
By: Import User
Updated: January 7, 2009
Wal-Mart Stores says it will increase its
annual dividend to 52 cents per share, up from 36 cents, a 44
percent increase.
The change, approved by the board of the world`s largest
retailer, brings the quarterly dividend on Wal-Mart common stock to
13 cents per share. The change is effective in the current fiscal
year, which ends January 31st, 2005.
The company says the increase means Wal-Mart will pay more than
two (b) billion dollars in dividends to shareholders this fiscal
year. The company has increased its dividend annually since its
first declared one in March 1974.
Also, the company said it plans to continue with its seven (b)
billion dollar share repurchase program.
Posted by Mike Hellgren
