Walmart raises annual dividend to $2.20 per share, marking 48th consecutive year of dividend increases

Rhea-AI Summary

The Board of Directors of Walmart has approved an annual cash dividend of $2.20 per share for fiscal year 2022, marking a 2% increase from the previous year's $2.16. This dividend will be paid in four quarterly installments of $0.55 each. Key record and payable dates include: March 19 (payable April 5), May 7 (payable June 1), August 13 (payable September 7), and December 10 (payable January 3, 2022). Walmart continues to emphasize its commitment to returning cash to shareholders, having increased its annual dividend for 48 consecutive years.

Positive

• Annual cash dividend increased to $2.20 per share, up 2% from $2.16.
• Dividend paid in four quarterly installments, enhancing shareholder income.
• 48 consecutive years of dividend increases demonstrate company stability.

Negative

• None.

The Board of Directors of Walmart Inc. (NYSE: WMT) approved an annual cash dividend for fiscal year 2022 of $2.20 per share, an increase of approximately 2 percent from the $2.16 per share paid for the last fiscal year. The fiscal year 2022 annual dividend of $2.20 per share will be paid in four quarterly installments of $0.55 per share, according to the following record and payable dates:

Record Dates	Payable Dates
March 19, 2021	April 5, 2021
May 7, 2021	June 1, 2021
Aug. 13, 2021	Sept. 7, 2021
Dec. 10, 2021	Jan. 3, 2022

“We’re proud of our track record of returning meaningful cash to shareholders and are pleased to be increasing our annual dividend for the 48th consecutive year,” said Brett Biggs, executive vice president and chief financial officer at Walmart Inc.

Walmart Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, nearly 230 million customers and members visit approximately 10,800 stores and clubs under 51 banners in 25 countries and eCommerce websites. With fiscal year 2021 revenue of $559 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com, on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210218005553/en/

FAQ

What is the new Walmart dividend amount and when is it effective?

Walmart's new dividend amount is $2.20 per share, effective for fiscal year 2022.

What are the payable dates for Walmart's dividend in 2021?

The payable dates are April 5, June 1, September 7, and January 3, 2022.

How long has Walmart been increasing its dividend?

Walmart has increased its annual dividend for 48 consecutive years.