Walmart Inc. (NASDAQ:WMT – Get Free Report) declared a quarterly dividend on Thursday, February 19th. Investors of record on Friday, May 8th will be paid a dividend of 0.2475 per share by the retailer on Tuesday, May 26th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 8th.
Walmart has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 53 consecutive years. Walmart has a dividend payout ratio of 32.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.5%
NASDAQ:WMT traded down $1.92 during trading hours on Friday, reaching $122.95. 9,108,263 shares of the company were exchanged, compared to its average volume of 38,479,832. The firm has a market cap of $979.95 billion, a price-to-earnings ratio of 42.94, a PEG ratio of 4.99 and a beta of 0.65. The stock has a 50 day simple moving average of $119.24 and a 200 day simple moving average of $109.09. Walmart has a 52-week low of $79.81 and a 52-week high of $134.69. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.80 and a quick ratio of 0.24.
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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