Is Walmart Still a Great Dividend Stock?

Is Walmart Still a Great Dividend Stock?

Walmart (NYSE: WMT) just closed the books on a record fiscal year, with sales and earnings both spiking during the COVID-19 pandemic. The retailer added a head-turning $35 billion to its revenue base in 2020, or about as much as TJX Companies books in a single year. Instead, Walmart last week announced a meager 2% dividend increase, or about the same boost as the chain issued a year earlier.