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.