Walmart (WMT) Boosts Dividend 31%

It seems as though Walmart, which has been beaten down for what seems like and eternity, may have a glimmer of hope to make a comeback.  All of you contrarian investors that backed up the truck on Walmart at its lows last summer, may now see some light at the end of the tunnel.

The Board of Directors of Wal-Mart Stores, Inc. (NYSE: WMT) has approved an increase in the annual dividend to $0.88 per share, a 31% increase from the $0.67 per share paid during fiscal year 2007. For fiscal year ending January 31, 2008, the annual dividend of $0.88 per share will be paid in four quarterly installments of $0.22 per share.

Based upon this announced increase, the Company plans to return more than $3.6 billion to its shareholders in the form of dividends in fiscal year 2008.  Does this sound like it fits the Shareholder Yield strategy that we talked about a little while back?

Wal-Mart has increased its dividend every year since its first declared dividend of $0.05 in March 1974.  This makes WMT a member of the Mergent Dividend Achievers, one of my requirements for purchasing a dividend growth stock.

The Company also announced that April 5, 2007 is the record date for its annual shareholders’ meeting that will occur on June 1, 2007.

One comment

  1. People in America need to realize jus what got America in this shape…cheap… yes so-call cheap items from a foreign land.

    quote*Wal-Mart firmly believes in local procurement. We recognize that by purchasing quality products, we can generate more job opportunities, support local manufacturing and boost economic development. Over 95% of the merchandise in our stores in China is sourced locally. We have established partnerships with nearly 20,000 suppliers in China.*end quote!

    Now! if there be 182 country’s making items for the world to buy and they have only 5% of the pie in China…duh! This company makes the nice people of China support their currency(yuan) by keeping it in their country working for the people there…. but with the yuan going up in value and the US dollar going down…all the foreign items that the American consumer buys thinking it is cheap has went up in price.

    People…its all about the currency and to keep a currency strong you got to keep it floating around the country you live in so it can work for you. For the past 12 years all them US dollars are being shipped overseas to a foreign bank and with the American worker not making anything for the foreigner to buy the “we the people” have to turn to the “second” largest employer in America(Uncle Sam) to sell “we the people” debt in order to get all them dollars back!

    50 years ago a foreigner would had given their left nut for a US dollar or a Hershey’s chocolate bar and today the same foreigner has got Uncle Sam and the American consumer by both all the while Hershey is moving the chocolate factory to Mexico. Wake up! America and think “MADE IN AMERICA.”

    quote*”Considering that there are over 30,000 ships at sea this morning,” writes James Carlton, director of the Williams College-Mystic Seaport Maritime Studies Program, in an e-mail, “the total number of organisms and species in this global ‘bioflow’ on the morning your readers read your piece could be staggering – billions of individuals, and thousands of species.”

    Indeed, scientists have long considered ballast water the primary way invasive aquatic organisms are introduced. From the zebra mussel’s arrival in the Great Lakes, to an American jellyfish severely disrupting Black Sea fisheries, the potential costs of accidental introduction of a species to new homes can be tremendous. Aquatic invasives cost the US $9 billion yearly, according to estimates by David Pimentel, professor emeritus of ecology and evolutionary biology at Cornell University in Ithaca, N.Y. Zebra and quagga mussels (a cousin to the zebra) alone cost the $1 billion annually.*end quote!

    tats $9 billion in hidden taxes to ALL TAXPAYERS….cheap ain’t chic and it cost America jobs! If a USA company can put 95% Chinese made items in their stores in China to help the Chinese workers….why not 95% American made items in the United States of America…tats what the hyphen in the name did years ago before it disappeared and the STAR showed up.

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