Wal-Mart Hikes Dividend 11%
Wal-Mart ups its annual dividend 11% to $1.21 a share.
BENTONVILLE, Ark. (
) --
Wal-Mart
(WMT) - Get Report
announced that it upped its annual dividend by 11% on Thursday.
The retail behemoth will now pay out $1.21 a share over the course of the current fiscal year, compared with $1.09 a share in fiscal 2010.
The first quarterly payment of 30.25 cents will be made on April 5 to shareholders of record on March 12.
Wal-Mart has increased its dividend every year since 1974. In 2009, the company raised its dividend 15% to $1.09 from 95 cents the year prior.
-- Reported by Jeanine Poggi in New York.
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