#5 - Walmart (NYSE:WMT)
Walmart (WMT)
Years of Consecutive Dividend Growth: 45 Years (Dividend Aristocrat)
It’s a lot of work to keep pace with Amazon (AMZN). But Walmart (NYSE:WMT) has not only managed to hang with Amazon, they are thriving. Walmart has not only built out their e-commerce business and is embracing the omnichannel model that allows consumers to get what they want when they want it.
Before the coronavirus outbreak, the “new retail” model was becoming essential. Now it will be absolutely critical. Consumers are going to return, but it won’t be the same. Whenever our nation goes through a crisis like this, the world we go back to is changed in a fundamental way. As many consumers realize that they really can get much of what they need without visiting the stores, retailers who don’t allow them to do that will certainly get left behind.
Walmart is already ahead of that curve. And with 45 years of consecutive dividend growth they can provide shareholders with one thing Amazon can’t, a regular dividend payment no matter which way the market goes.
About Walmart
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.
Read More - Current Price
- $65.76
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 27 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $68.01 (3.4% Upside)
