1 No-Brainer Dividend Stock to Buy With $500
Despite Wall Street's enthusiasm about them, stock splits are largely non-events for a business. They don't change the underlying value of the company but merely boost the outstanding share count while reducing the per-share price. It's akin to slicing a pizza: You generate more pieces but don't have any more food.
But splits do make a stock more affordable for investors seeking to establish their first position in a company. That's one good reason why demand might rise around a split announcement.
(NYSE: WMT) is a great example. Thanks to a 3-for-1 split in late February, you can buy this dividend giant for around $60 per share instead of nearly $180 a few days earlier. And just a few hundred dollars will allow you to accumulate several shares in this industry-leading retailer.
Source Fool.com
Walmart Inc. Stock
The stock is an absolute favorite of our community with 52 Buy predictions and no Sell predictions.
With a target price of 164 € there is potential for a 197.86% increase which would mean more than doubling the current price of 55.06 € for Walmart Inc..
