Up 15% from last year.
The Board of Directors of Wal-Mart Stores Inc has approved an increase in the annual dividend to $0.60 per share, a 15.4% increase from the $0.52 per share paid during the previous fiscal year. For fiscal year ending January 31, 2006, the annual dividend of $0.60 per share will be paid in four quarterly installments of fifteen cents ($0.15) per share.Based upon this announced increase, the Company plans to return more than $2.5 billion to its shareholders in the form of dividends this fiscal year. Wal-Mart has increased its dividend every year since its first declared dividend in March 1974.
Posted by Kevin on March, 4 2005 at 09:56 AM
