Walmart Inc. (NASDAQ:WMT – Get Free Report) announced a quarterly dividend on Thursday, February 19th. Shareholders of record on Friday, August 21st will be paid a dividend of 0.2475 per share by the retailer on Tuesday, September 8th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, August 21st.
Walmart has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 53 years. Walmart has a payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Walmart to earn $3.02 per share next year, which means the company should continue to be able to cover its $0.94 annual dividend with an expected future payout ratio of 31.1%.
Walmart Stock Down 1.4%
Shares of NASDAQ WMT traded down $1.75 on Thursday, reaching $124.87. 42,943,075 shares of the company’s stock traded hands, compared to its average volume of 39,484,145. The business’s 50 day simple moving average is $119.05 and its two-hundred day simple moving average is $108.98. Walmart has a 12 month low of $79.81 and a 12 month high of $134.69. The company has a market cap of $995.24 billion, a price-to-earnings ratio of 43.66, a price-to-earnings-growth ratio of 4.93 and a beta of 0.65. The company has a quick ratio of 0.24, a current ratio of 0.80 and a debt-to-equity ratio of 0.39.
About Walmart
Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.
The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.
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