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Walmart Inc. (NYSE:WMT) Plans Dividend of $0.24

Walmart logo with Retail/Wholesale background

Key Points

  • Walmart Inc. declared a dividend of $0.24 per share, with stockholders of record on August 18th set to receive this payment on September 2nd, indicating a strong dividend yield of 90.0%.
  • The company's dividend payout ratio stands at 32.2%, suggesting that it is well-positioned to sustain its dividend payments based on anticipated earnings of $3.02 per share next year.
  • Walmart's recent stock performance shows it has a market capitalization of $830.08 billion, with a 12-month price range between $67.14 and $105.30.
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Walmart Inc. (NYSE:WMT - Get Free Report) declared a dividend on Tuesday, August 12th, investing.com reports. Investors of record on Monday, August 18th will be given a dividend of 0.235 per share by the retailer on Tuesday, September 2nd. This represents a yield of 90.0%. The ex-dividend date of this dividend is Friday, August 15th.

Walmart has a dividend payout ratio of 32.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Walmart to earn $3.02 per share next year, which means the company should continue to be able to cover its $0.94 annual dividend with an expected future payout ratio of 31.1%.

Walmart Price Performance

WMT stock traded down $0.25 during trading on Tuesday, reaching $103.68. 17,913,175 shares of the company were exchanged, compared to its average volume of 13,932,130. The company has a 50-day moving average of $97.46 and a two-hundred day moving average of $95.51. The company has a market capitalization of $827.41 billion, a price-to-earnings ratio of 44.31, a P/E/G ratio of 5.00 and a beta of 0.66. Walmart has a twelve month low of $67.14 and a twelve month high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. As a group, equities analysts predict that Walmart will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Erste Group Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Evercore ISI boosted their target price on shares of Walmart from $107.00 to $108.00 and gave the stock an "outperform" rating in a report on Tuesday. Telsey Advisory Group reissued an "outperform" rating and set a $115.00 target price on shares of Walmart in a report on Monday, June 9th. Oppenheimer boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, Tigress Financial upped their price objective on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walmart has an average rating of "Buy" and a consensus target price of $106.70.

Get Our Latest Stock Report on Walmart

About Walmart

(Get Free Report)

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

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Dividend History for Walmart (NYSE:WMT)

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