2 Retail Giants Making Investors Richer With Dividend Raises
Our first earnings season of calendar 2024 is all but over, and like any earnings season, it's left some dividend raises in its wake. Companies like to declare dividends concurrently or near the announcement of their quarterly results, and this just-past period saw quite a few famous issuers crank their payouts higher.
In the retail sphere, sector titans (NYSE: WMT) and Home Depot (NYSE: HD) both pulled the lever on dividend raises recently. Here's a rundown of the two hikes.
Walmart is one of the stock market's most recently minted Dividend Kings. In February, it cemented that status by declaring its 51st Dividend raise in a row. The company will pay $0.83 per share for its current (2025) fiscal year, divided into four quarterly payments. The new payout shakes out to $2.49 on a pre-stock split basis (Walmart's 3-for-1 split took effect on Feb. 26), which is 9% higher than the $2.28 dispensed throughout fiscal 2024.
Source Fool.com
Walmart Inc. Stock
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