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Retail

Wal-Mart Juices Dividends (WMT)

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By Douglas A. McIntyre Published
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Wal-Mart Stores Inc. (NYSE: WMT) already gave stronger sales than most this morning, but the company is doing another shareholder friendly initiative that is far better than a stock buyback: 

  • It is hiking its quarterly dividend to investors.  The prior $0.88 dividend per year that was paid out at $0.22 per quarter is now being jacked up to $0.95 per year that will be paid out as $0.2375 per quarter.

Raising a dividend is never a bad thing.  Without trying to sound like a greedy kid who didn’t get the proverbial G.I. Joe with the kung-fu grip, this is still a pretty low yield for a DJIA component.  With a $50.00+ opening price this morning that puts the dividend yield at roughly 1.9%.  This is still a much higher yield than many other dividends from competing retailers, so don’t take the comments above as being too harsh of criticism because it is still better than peers.

Jon C. Ogg
March 6, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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