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Walmart raises dividend for 41st consecutive year
21
Feb '14
The Board of Directors of Wal-Mart Stores, Inc. approved an annual cash dividend for fiscal year 2015 of $1.92 per share, an increase of two percent from the $1.88 per share paid during fiscal year 2014. The fiscal year 2015 annual dividend of $1.92 per share will be paid in four quarterly installments of $0.48 per share, according to the record and payable dates.
 
“We are pleased to continue our long history of dividend increases for Walmart shareholders,” said Doug McMillon, president and chief executive officer. “In fact, this is the 41st consecutive year that we have raised our annual dividend. 
 
This consistency of returns to shareholders is a testament to the strength of our global portfolio in generating solid free cash flow. During fiscal year 2014, we returned $12.8 billion to shareholders in the form of dividends and share repurchases.
 
“In this new year, we are excited about the opportunities we have to serve our customers around the world through relevant store formats and our growing portfolio of e-commerce sites and mobile capabilities,” said McMillon. “Our strong asset base and compelling customer proposition will continue to deliver value for our customers and provide solid returns to our shareholders.”
 
About Walmart
Wal-Mart Stores, Inc. helps people around the world save money and live better -- anytime and anywhere -- in retail stores, online, and through their mobile devices. Each week, more than 245 million customers and members visit our more than 10,942 stores under 71 banners in 27 countries and e-commerce websites in 10 countries. With fiscal year 2014 sales of over $473 billion, Walmart employs more than 2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. 

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Courtesy: India ITME

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