Walmart Raises Dividend, Approves $20 Billion Stock Buyback
February 18 2021 - 8:03AM
Dow Jones News
By Colin Kellaher
Walmart Inc. on Thursday said its board raised the quarterly
dividend by 1.9%, to 55 cents from 54 cents, and approved a new $20
billion share-repurchase program.
The new payout, equal to $2.20 a year, represents an annual
yield of about 1.49% based on Wednesday's closing price of $147.20,
up from 1.47%.
The Bentonville, Ark., retail giant said the increased dividend
is payable April 5 to shareholders of record March 19, adding that
it has now raised its dividend for 48 consecutive years.
Walmart said it bought back about 19 million shares for roughly
$2.6 billion during fiscal 2021, which ended last month, under a
$20 billion authorization approved in October 2017.
The company, which has roughly 2.83 billion shares outstanding,
sports a market capitalization of about $412 billion.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 18, 2021 07:48 ET (12:48 GMT)
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