“Wal-Mart Stores, Inc. (NYSE: WMT) is a member of our own 2012 Model Dividend Portfolio and now we are again seeing why that is. The stock chart has been in trouble since its last earnings warning, but Wal-Mart is trying to compensate with yet another raised dividend rate.
The new annualized dividend will be $1.59 per share, which represents a 9% hike to the payout from the previous rate of $1.46 per share on an annualized basis. The new rate will be paid to shareholders in four quarterly payments of $0.3975 per share…”
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