Dividend increase Wal-Mart
At the 20th of February the board of Wal-Mart decided to increase the quarterly dividend from $ 0,51 to $ 0,52 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 2nd 2018 to shareholders of record on March the 9th 2018. This is the 45th 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 $ 39,52. Up from $ 38,76 or a $ 0,76 increase in yearly dividends. After taxes I will receive $ 33,59 per year from the company.
This increase means Wal-Mart currently yields 2,24% and my yield on cost rises to 3,58%.
Wal-Mart is working with lower increases the last couple of years. We know that and I expected it. However, it seems that the company is doing great at the moment. So I hope the increases will get a bit better again next year. We now have another 2% increase. I hope for 3 to 4% in the next year.
My YoC is very nice. I bought my shares when nobody liked it and I have great capital gains at the moment. Therefore I’m earning very nicely with my shares in this company and I believe the company will stay succesful for the future for as long as I can predict. Whatever will happen, I will keep collecting my dividends and so should you!
What do you think about Wal-Mart? Is the dividend increase as expected or dd you expect something else? Do you own Wal-Mart and what do you think about its future?