Loading...
See More

Walmart raises dividend

Mar 01 2012 16:34 Reuters

Company Data

MASSMART HOLDINGS LIMITED [JSE:MSM]

Last traded 0
Change 0,01
% Change 0
Cumulative volume 161653
Market cap 29.37bn

Last Updated: 26-11-2014 at 04:24. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Crucial Walmart verdict out soon

Price cuts boost Walmart US in Q4

US keeps close eye on Walmart appeal

Massmart deals approved with conditions

Walmart launches global graft probe

Massmart ups profit on forex

 
WALMART Stores raised its annual dividend by nearly 9% on Thursday, as momentum in the company’s key Walmart US chain has rebounded.

The world’s largest retailer said that its board approved a dividend of $1.59 per share in fiscal 2013, which ends next January, up from $1.46 last year. Last year, Walmart raised its dividend by 20.6%.

Walmart has high expectations for the current fiscal year, with the core Walmart US business “back on track”, CEO Mike Duke said in a statement.

Shares of Walmart, a component of the Dow Jones industrial average, rose to $59.63 in premarket trading after closing at $59.08 on Wednesday.

Walmart US posted its second straight rise in quarterly same-store sales last week, and traffic in the stores rose for the first time after six quarterly declines.

Walmart’s international business is still growing and the Sam’s Club warehouse chain has also done well. Still, Walmart continues to invest in areas such as e-commerce, where it trails market leader Amazon.com, and needs to cut costs to keep its prices low in the United States.

Walmart has raised its dividend every year since it first declared a dividend of 5 cents per share in 1974.

The dividend will be paid in quarterly instalments of 39.75c/share, with the first payment on April 4 to shareholders of record as of March 12.

Walmart said that it returned $11.3bn to shareholders through dividends and share buybacks last year.

The retail giant is the major shareholder of SA's Massmart Holdings [JSE:MSM].
massmart  |  walmart  |  consumer spending  |  retailers

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

Hottie of the day: Nicole Meyer!

Nicole is the cover girl for the 2014 edition of SA Swimsuit! Check out some smoking hot pics of here here.

 
 

Men24.com

11 things men don’t know about their clothes
Hilarious mortal kombat elevator prank!
This is how the Top Gear presenters spend their £55 million!
Thirty and still single? There’s hope!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...