Walmart Raises Annual Dividend to $2.24 per Share, Marking 49th Consecutive Year of Dividend Increases

Rhea-AI Summary

The board of directors of Walmart approved an annual cash dividend for fiscal year 2023 of $2.24 per share, up 2% from $2.20 for the previous year. This marks the 49th consecutive year of dividend increases. The dividend will be distributed in four installments of $0.56 each. Key record and payable dates include March 18, May 6, August 12, and December 9, 2022. Walmart continues its commitment to returning cash to shareholders and reported fiscal year 2022 revenue of $573 billion.

Positive

• Annual dividend increased to $2.24 per share, a 2% rise.
• 49th consecutive year of dividend increases.
• Commitment to returning cash to shareholders.

Negative

• None.

BENTONVILLE, Ark.--(BUSINESS WIRE)-- The board of directors of Walmart Inc. (NYSE: WMT) approved an annual cash dividend for fiscal year 2023 of $2.24 per share, an increase of approximately 2 percent from the $2.20 per share paid for the last fiscal year. The fiscal year 2023 annual dividend of $2.24 per share will be paid in four quarterly installments of $0.56 per share, according to the following record and payable dates:

Record Dates	Payable Dates
Mar. 18, 2022	Apr. 4, 2022
May 6, 2022	May 31, 2022
Aug. 12, 2022	Sep. 6, 2022
Dec. 9, 2022	Jan. 3, 2023

“We’re proud of our track record of returning meaningful cash to shareholders and are pleased to be increasing our annual dividend for the 49th 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, approximately 230 million customers and members visit approximately 10,500 stores and clubs under 46 banners in 24 countries and eCommerce websites. With fiscal year 2022 revenue of $573 billion, Walmart employs 2.3 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/20220216006289/en/

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Investor Relations Contact

Dan Binder, CFA

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Source: Walmart Inc.

FAQ

What is the dividend amount for Walmart in fiscal year 2023?

The dividend amount for Walmart in fiscal year 2023 is $2.24 per share.

When will Walmart's 2023 dividend be paid?

Walmart's 2023 dividend will be paid in four installments on specified dates: April 4, May 31, September 6, and January 3, 2023.

How much did Walmart increase its dividend in 2023?

Walmart increased its dividend by approximately 2% from $2.20 to $2.24 per share.

How often does Walmart pay dividends?

Walmart pays dividends quarterly.

What is Walmart's fiscal year 2022 revenue?

Walmart's fiscal year 2022 revenue was $573 billion.