Dividend increase Wal-Mart
At the 21st of February the board of Wal-Mart decided to increase the quarterly dividend from $ 0,50 to $ 0,51 per quarter. This means an increase of $ 0,04 per share per year which translates to a 2% increase. The dividend is paid on April the 3th 2017 to shareholders of record on March the 10th 2017. This is the 44th consecutive increase in the quarterly dividend.
Since I have 19 shares this increase means that my yearly dividend for Wal-Mart Stores Inc is now $ 38,76. Up from $ 38,00 or a $ 0,76 increase in yearly dividends. After taxes I will receive $ 32,95 per year from the company.
This increase means Wal-Mart currently yields 2,83% and my yield on cost rises to 3,51%.
The increase is exactly as expected. As detailed in my post about the Wal-Mart year figures the company is going through a transformation. The company is heavily investing in staff and e-commerce. On the long term I’m confident this will yield nice results. For the short term this means minor dividend growth of 0,01 per quarter for a couple of years. I expect better growth in 1 or 2 years from now. I will keep monitoring the company. In the meantime I just keep collecting my dividends!