Summary:
1. Walmart is a leading global retailer with a long history on the stock market.
2. Owning 532 shares of Walmart would generate $500 in annual dividend income.
3. Walmart’s dividend yield is 0.80%, lower than the S&P 500 average.
Article:
Walmart, a renowned global retailer with a widespread presence in 19 countries, has been a prominent player in the stock market since its IPO in October 1970. With over 10,000 locations worldwide, Walmart has solidified its position as a key player in the retail industry.
For investors looking to earn passive income through dividends, Walmart offers an annual dividend of $0.94 per share ($0.235 quarterly). To receive $500 in annual dividend income, one would need to own 532 shares of Walmart. At the current stock price of $115.52 per share, it would cost approximately $61,457 to reach this target if starting with zero shares.
Walmart has a remarkable track record of increasing its annual dividend for 52 consecutive years, earning it the prestigious title of a Dividend King. Despite its impressive dividend history, Walmart’s current dividend yield stands at a modest 0.80%, lower than both the S&P 500 average and its own 1.34% average yield over the past five years.
Investing in Walmart provides a sense of security due to its stable financial position, strong competitive advantage, and resilience in navigating economic uncertainties. For investors seeking a reliable source of dividend income, Walmart presents itself as a promising choice in the stock market landscape.
