Walmart Just Declared Its 53rd Dividend Increase. Here's How Much $10,000 Invested Pays Annually.
Walmart offers growth and passive income.
Overview
Walmart (NASDAQ: WMT) isn't your typical dividend stock, since it's been acting like a growth stock lately. It's underperforming this year, but it's beaten the market over the past three years, gaining 128% versus 76% for the S&P 500 (SNPINDEX: ^GSPC).
However, it is indeed a great dividend stock, and it's a Dividend King, which means it has raised its dividend for at least 50 years straight. 2026 is the 53rd year of raising the dividend annually.
Image source: Walmart.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.