Walmart Inc. announced on Tuesday a significant increase in its annual dividend, setting the new rate at $0.83 per share on a post-stock split basis for the fiscal year 2025. The adjustment, approved by the Board of Directors, marks a 9% rise from the previous year's $2.28 per share (pre-split), representing the largest increase over a decade.
The dividend will be distributed in four quarterly installments of $0.2075 per share, with record dates on March 15, May 10, August 16, and December 13 of 2024, and corresponding payable dates on April 1, May 28, September 3, 2024, and January 6, 2025. This move follows Walmart's recent 3-for-1 stock split.
"Dividends continue to be a part of our diversified capital returns approach. We're proud to increase our annual dividend for the 51st consecutive year. This year's 9 percent increase is the largest in over a decade, and a sign of our confidence in our growth potential and cash flow," stated John David Rainey, executive vice president and chief financial officer at Walmart Inc.
