Is Walmart a Great Dividend Stock?

Holding shares of a company that issues a rising stream of dividend payments can have a big impact on your returns. A $10,000 investment in Walmart (NYSE: WMT) stock in 1990 would be worth $175,000 today. But dividend reinvestment would have added nearly $100,000 more to your returns.

Walmart has been paying and growing its dividend since 1974, which should make the stock a worthy candidate for any income investor. The company is uniquely positioned to withstand rough economic patches, such as the one we're in now related to COVID-19.

We'll review how Walmart has fared during the pandemic before dissecting its recent dividend history to help investors determine if this is the right dividend stock for their nest egg.

Source Fool.com