By Colin Kellaher

Walmart's board has raised the quarterly dividend by 13%, to 23.5 cents from 20.75 cents, marking the 52nd straight year that the retail giant has boosted its payout.

The new dividend, equal to 94 cents a year, represents an annual yield of about 0.9%, based on Wednesday's closing price of $104, up from 0.8%.

The dividend increase maintains Walmart's spot in the S&P 500 Dividend Aristocrats Index, whose 69 members have paid a higher dividend for at least 25 straight years.

The increase also keeps Walmart's place on the smaller list of dividend kings--those who have boosted their dividends annually for at least a half century. That group currently counts 54 members, according to website Sure Dividend.

The Bentonville, Ark., company on Thursday said the increased dividend is payable April 7 to shareholders of record March 21.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

February 20, 2025 07:25 ET (12:25 GMT)

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