Key Points
Walmart (NASDAQ: WMT) stands as one of the top retailers globally, operating over 10,000 locations in 19 countries. Since its initial public offering back in October 1970, it has been a fixture in the stock market.
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Walmart’s current annual dividend is $0.94 per share, split into quarterly payments of $0.235. To achieve $500 in annual dividend income at this rate, you’d need to hold 532 shares of Walmart stock. At a stock price of $115.52 per share by the market close on December 11, that comes out to around $61,457 if starting from scratch.
Walmart has consistently increased its annual dividend for 52 years in a row, qualifying it as a dividend king—a term for companies that have raised dividends for at least half a century. The current yield of 0.80% is modest, falling short of both the S&P 500 average and the 1.34% average yield it has had over the last five years.
Why Consider Investing in Walmart?
Investing in Walmart means backing a financially stable company. It has a proven capacity to weather economic storms, which is vital when you’re focusing on a dividend-paying stock.
Should I invest $1,000 in Walmart right now?
Before making a purchase, keep a few things in mind:
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The views expressed here are those of the author and not necessarily reflective of Nasdaq, Inc.
