BENTONVILLE, Ark.--(BUSINESS WIRE)--The Board of Directors of Wal-Mart Stores, Inc. (NYSE: WMT) approved an annual cash dividend for fiscal year 2014 of $1.88 per share, an increase of approximately 18 percent from the $1.59 per share paid during fiscal year 2013. The fiscal year 2014 annual dividend of $1.88 per share will be paid in four quarterly installments of $0.47 per share, according to the following record and payable dates:
|March 12, 2013||April 1, 2013|
|May 10, 2013||June 3, 2013|
|August 9, 2013||September 3, 2013|
|December 6, 2013||January 2, 2014|
“We are pleased to increase Walmart’s dividend by $0.29 per share, one of the largest increases in our history,” said Mike Duke, Walmart president and chief executive officer. “Our global businesses consistently generate strong free cash flow, providing ample opportunities to fund growth across all our markets and to deliver strong returns to shareholders. In fact, during fiscal year 2013, we returned $13 billion to shareholders in the form of dividends and share repurchases.
“Our new fiscal year is under way, and we’re excited about the strategies we have in place,” said Duke. “With a strong asset base and strategic focus on greater capital discipline, we will continue to save our customers money, to grow our business and to provide solid returns to our shareholders.”
Walmart has increased its dividend every year since the first declared dividend of $0.05 per share in March 1974.
Wal-Mart Stores, Inc. (NYSE: WMT) serves customers and members more than 200 million times per week at more than 10,700 retail units under 69 different banners in 27 countries. With fiscal year 2013 sales of approximately $466 billion, Walmart employs more than 2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart and the dividend history can be found by visiting http://www.stock.walmart.com.