Income Investors, Rejoice! Walmart's Dividend Increase Is Its Biggest in Over a Decade.
Retail giant (NYSE: WMT) bucked Tuesday's market pullback, rising more than 3% as the S 500 declined 0.6%. The upbeat day for the megacap stock was due to the retailer's strong earnings report, which featured revenue and earnings per share significantly ahead of analysts' average forecasts.
But the one metric income investors likely focused on was the company's latest dividend increase. On Tuesday, management announced its highest quarterly dividend raise in over 10 years.
Here's a closer look at Walmart's strong earnings report and dividend increase.
Source Fool.com
Walmart Inc. Stock
€55.69
1.270%
With 52 Buy predictions and not a single Sell prediction Walmart Inc. is an absolute favorite of our community.
Based on the current price of 55.69 € the target price of 164 € shows a potential of 194.49% for Walmart Inc. which would more than double the current price.
