Walmart raises annual dividend to $2.28 per share, marking 50th consecutive year of dividend increases

Rhea-AI Summary

The Board of Directors of Walmart (NYSE: WMT) has announced an annual cash dividend for fiscal year 2024 of $2.28 per share, marking a 2% increase from the previous year's $2.24. This dividend will be distributed in four quarterly installments of $0.57 each. Key dates include record dates on March 17, May 5, August 11, and December 8, 2023, with payable dates on April 3, May 30, September 5, and January 2, 2024. This marks the 50th consecutive year of dividend increases for Walmart, highlighting the company's commitment to returning capital to shareholders.

Positive

• Annual cash dividend increased to $2.28 per share, a 2% rise from last year.
• Walmart celebrates its 50th consecutive year of dividend increases.

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• None.

BENTONVILLE, Ark.--(BUSINESS WIRE)-- The Board of Directors of Walmart Inc. (NYSE: WMT) approved an annual cash dividend for fiscal year 2024 of $2.28 per share, an increase of approximately 2 percent from the $2.24 per share paid for the last fiscal year. The fiscal year 2024 annual dividend of $2.28 per share will be paid in four quarterly installments of $0.57 per share, according to the following record and payable dates:

Record Dates	Payable Dates
Mar. 17, 2023	Apr. 3, 2023
May 5, 2023	May 30, 2023
Aug. 11, 2023	Sep. 5, 2023
Dec. 8, 2023	Jan. 2, 2024

“Dividends continue to be a part of our diversified capital returns approach. We're proud to be increasing our annual dividend for the 50th consecutive year, a milestone for our company,” said John David Rainey, executive vice president and chief financial officer at Walmart Inc.

About Walmart

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 240 million customers and members visit more than 10,500 stores and numerous eCommerce websites in 20 countries. With fiscal year 2023 revenue of $611 billion, Walmart employs approximately 2.1 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 https://corporate.walmart.com, on Facebook at https://facebook.com/walmart, on Twitter at https://twitter.com/walmart, and on LinkedIn at https://www.linkedin.com/company/walmart/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230220005310/en/

Investor Relations Contact

Steph Wissink

Sr. Vice President, Investor Relations

Stephanie.Wissink@walmart.com

Media Relations Contact

Jacquelyn Cook

Sr. Manager, Global Communications

800-331-0085

Source: Walmart Inc.

FAQ

What is Walmart's dividend for fiscal year 2024?

Walmart's dividend for fiscal year 2024 is $2.28 per share.

When will Walmart's dividend be paid?

Walmart's dividend will be paid in four quarterly installments starting April 3, 2023.

What are the record dates for Walmart's dividends?

Record dates for Walmart's dividends are March 17, May 5, August 11, and December 8, 2023.

How much is Walmart's quarterly dividend payment?

Walmart's quarterly dividend payment is $0.57 per share.

How long has Walmart been increasing its dividend?

Walmart has increased its dividend for 50 consecutive years.