The Board of Directors of Wal-Mart Stores, Inc. (NYSE: WMT) approved an annual cash dividend for fiscal year 2017 of $2.00 per share, an increase of two percent from the $1.96 per share paid for the last fiscal year. The fiscal year 2017 annual dividend of $2.00 per share will be paid in four quarterly instalments of $0.50 per share, according to the following record and payable dates:
“We’ve had a long history of returns to shareholders, and we’re pleased to continue building on that by raising our annual dividend for the 43rd consecutive year,” said Brett Biggs, chief financial officer at Walmart. “We are proud of our performance, strong balance sheet and consistent cash flow that enables us to generate significant returns to shareholders while investing for the future to improve our stores, innovate through new initiatives and strengthen digital relationships with our customers.”
This is WalMart Stores' 43rd consecutive dividend increase to date.