The 50th consecutive year of dividend increases is marked by Walmart raising its annual dividend to $2.28 per share.

The 50th consecutive year of dividend increases is marked by Walmart raising its annual dividend to $2.28 per share.

Walmart Inc.’s (NYSE: WMT) board of directors has approved a $2.28 annual cash dividend per share for fiscal year 2024, up almost 2% from the $2.24 per share paid for the previous fiscal year. According to the following record and payable dates, the annual dividend of $2.28 per share for the fiscal year 2024 will be paid in four quarterly installments of $0.57 per share.

“Dividends remain a component of our approach to diversified capital returns. John David Rainey, executive vice president and chief financial officer of Walmart Inc., said: “We’re thrilled to be increasing our yearly dividend for the 50th straight year, a milestone for our organisation.

GSN