Here's Why Walmart Just Became the First Half-Trillion-Dollar Dividend King
(NYSE: WMT) is up more than 21% year to date and is now the second-best-performing component of the Dow Jones Industrial Average in 2024, behind only American Express.
Walmart's outperformance may come as a bit of a surprise given the mega-cap growth stock rally has driven the bulk of the market's gains over the last year-and-a-half or so. But Walmart's results have been excellent, especially given consumer spending challenges.
On May 16, Walmart became the first Dividend King to surpass a $500 billion market cap. A Dividend King is a company that has paid and raised its Dividend for at least 50 consecutive years.
Source Fool.com
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