Wal-Mart hikes dividend 20.6 percent

Wal-Mart Stores Inc (WMT.N) said it is increasing its annual dividend nearly 21 percent, citing its ability to generate cash in a fiscal year that disappointed investors with weak U.S. sales.

Wal-Mart said its board approved a dividend of $1.46 per year in fiscal 2012, which ends next January, up from $1.21. That translates to about $5.2 billion paid out to shareholders.

The move would bring Wal-Mart's dividend yield to 2.81 percent, based on its closing stock price of $52.01 on Thursday on the New York Stock Exchange.

Like many larger companies, Wal-Mart's dividend is an important factor for its shareholders, as the stock has shown little appreciation over the past several years.

Read Full Article from Reuters

- Posted: 2011-03-04 14:08:49

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