Walmart is continuing its tradition, unbroken since 1974, of increasing its dividend every year. The world’s biggest retailer will issue a quarterly dividend of 39.75 cents payable on April 4 to shareholders on record record as of March 12. The payout for the year as a whole works out to $1.59 per share.
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Its fourth-quarter results were upbeat, with business bouncing back in the U.S. Stores open at least a year recorded revenue gains for the second straight quarter. On Thursday, President and CEO Mike Duke said that international results were strong and that the U.S. operations were back on track.
The company has 10,130 stores across 27 countries and had revenues of $444 billion, of which about 62 percent is derived from the U.S. alone.
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