What Walmart’s (WMT) Dividend Track Record Signals for NYSE Dividend Stocks
Walmart Inc. (NYSE:WMT) is included among the 10 Best NYSE Dividend Stocks to Buy.
Walmart Inc. (NYSE:WMT) is the largest retailer in the world, with more than 5,200 stores in the United States and nearly 5,600 additional locations overseas.
Although Walmart Inc. (NYSE:WMT) may not deliver strong net growth each year, that does not mean investors are limited to modest returns of around 5% annually. The company consistently generates solid profits, which it uses to create value for shareholders through stock buybacks. By reducing the number of shares outstanding, buybacks make each remaining share more valuable. Since 1995, the company has cut its share count by almost half.
Moreover, Walmart Inc. (NYSE:WMT) is a Dividend King with 52 consecutive years of dividend growth under its belt. Currently, it offers a quarterly dividend of $0.235 per share and has a dividend yield of 0.92%, as recorded on September 20.
While we acknowledge the potential of WMT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Best Dividend Paying Stocks to Buy Now and 13 Incredibly Cheap Dividend Stocks to Invest In.
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