Investors have gotten excited about 's (NYSE: WMT) planned 3-for-1 stock split at the end of this month. When companies split their shares, it's usually an indication that management feels the company is in a growth phase. stock-split stocks are usually industry leaders with proven track records, and there's some data to support the idea that stock-split stocks perform well over time. stock splits themselves don't do anything for stocks other than split them into smaller pieces.

However, something else recently happened to Walmart stock that has real implications for shareholders and indicates much more value. In 2023, Walmart became a Dividend King.

Companies become Dividend Kings when they pay and raise their dividends for 50 consecutive years. Walmart raised its Dividend for the 50th time since 1974 last year when it raised it 2% to $2.28 per quarter.

Continue reading

Source Fool.com