This mega stock repurchase program represents about 8% of Walmart’s current market cap of $188.8 billion.
Wal-Mart Stores announced yesterday that the company will increase their quarterly dividend by 21% to $.365 per share. Walmart’s dividend yield has taken on greater importance in recent years as their stock price has lagged the broader market indices.
Should dividend investors buy Walgreens stock at its current levels?
Despite their tremendous cash flow, the world’s largest retailer remains one of the lower yielding dividend stocks in the Dow Jones index.