Walmart Keeps Raising Its Payout No Matter What the Market Does. Here's Why That Matters Now.
Thanks to the retailer's reliable business model, management should be able to keep boosting its dividend payouts for years to come.
Overview
When a company earns the title of Dividend King, it becomes part of an elite club, as boosting a dividend for 50 or more consecutive years is no small feat. For investors, it's a signal that, whatever types of uncertainty were swirling around the economy in the past half-century, the company reliably generated enough cash to keep hiking its payouts year in and year out.
With a track record of hikes over the past 53 years, Walmart (NASDAQ: WMT) has been one of the companies that has earned the Dividend King crown.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
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.