Walmart Inc. (NASDAQ:WMT – Get Free Report) announced a quarterly dividend on Thursday, February 19th. Investors of record on Friday, December 11th will be given a dividend of 0.2475 per share by the retailer on Monday, January 4th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, December 11th.
Walmart has raised its dividend by an average of 0.0%annually 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% 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 Trading Down 1.4%
Shares of WMT traded down $1.75 on Thursday, hitting $124.87. 42,943,075 shares of the stock traded hands, compared to its average volume of 39,484,145. Walmart has a 1 year low of $79.81 and a 1 year high of $134.69. The stock’s 50 day moving average is $119.05 and its two-hundred day moving average is $108.98. The firm has a market capitalization of $995.24 billion, a P/E ratio of 43.66, a P/E/G 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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