3 Reasons to Love Walmart's Dividend
As investors look for ways to combat uncertainty in their portfolio, one idea is to beef it up with dividend income from dividend stocks. Investing in Walmart (NYSE: WMT), an enduring big-box retailer and grocery store that prides itself on low prices, is one way to do this amid a difficult economic backdrop.
Highlighting Walmart's resilience, its dividend has been around for decades. Even better, the company has increased this dividend every year for 50 years in a row. As investors look for high-quality dividend stocks to add to their portfolio, here are three reasons why Walmart stock should be a top consideration.
Walmart reminded investors of its strong balance sheet and cash flow late last month when it announced its latest dividend increase. The company said it was increasing its quarterly dividend by 2% to $0.57, or $2.28 annually. This cash payout gives Walmart a dividend yield of about 1.6% at the time of this writing.
Source Fool.com
