The Board of Directors of Wal-Mart Stores, Inc. (NYSE: WMT) has approved an annual dividend of $1.59 per share, approximately a 9 percent increase from the $1.46 per share paid during fiscal year 2012. For the current fiscal year ending Jan. 31, 2013, the annual dividend of $1.59 per share will be paid in four quarterly installments of $0.3975 per share, according to the following record and payable dates:
|March 12, 2012||April 4, 2012|
|May 11, 2012||June 4, 2012|
|Aug. 10, 2012||Sept. 4, 2012|
|Dec. 7, 2012||Jan. 2, 2013|
“We are pleased that the strength of our financial position allows Walmart to again increase our dividend payout to shareholders,” said Mike Duke, Walmart president and chief executive officer. “Our free cash flow continues to fund store growth across all our markets, facilitate strategic acquisitions and deliver returns to shareholders through dividends and share repurchase. We returned $11.3 billion to shareholders through dividends and share repurchase during fiscal 2012.