Walmart Inc. (WMT) Dividend History
Income profile from 1974 to 2026 with payout safety and yield-on-cost trend
3-Second Income Check
Safety
34.3% payout ratio with sustainable safety profile.
Consistency
43 straight years of dividend increases.
Income Trend
Yield on cost is 1.9% and trend is rising.
Dividend Scorecard
Yield & Income
Payout Safety
Growth
Total Returns
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
Income Growth Story
Dividend per share and yield on cost over time (53 years of payments)
Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Walmart Inc. distributes 34.3% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 49.2%, rated "Well Covered".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
WMT has raised its dividend for 43 consecutive years, with a 3-year CAGR of 8.0% and 5-year CAGR of 5.5%.
Total Shareholder Returns
Beyond cash dividends, WMT returns capital through share repurchases. The combined picture: 0.7% dividend yield, 0.8% buyback yield, 1.5% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 1.9% and is currently rising. The 5-year total return is 201.3%, with dividends contributing 9.2% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $61,251 today.
Recent Dividend Payments
Last 20 payments · Quarterly
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Dec 11, 2026Latest | $0.2475 | — | 77.37% | Jan 4, 2027 |
| Aug 21, 2026 | $0.2475 | — | 76.40% | Sep 8, 2026 |
| May 8, 2026 | $0.2475 | — | 75.42% | May 26, 2026 |
| Mar 20, 2026 | $0.2475 | ↑ +5.3% | 74.44% | Apr 6, 2026 |
| Dec 12, 2025 | $0.2350 | — | 80.55% | Jan 5, 2026 |
| Aug 15, 2025 | $0.2350 | — | 91.25% | Sep 2, 2025 |
| May 9, 2025 | $0.2350 | — | 91.50% | May 27, 2025 |
| Mar 21, 2025 | $0.2350 | ↑ +13.3% | 99.73% | Apr 7, 2025 |
Dividend Peer Comparison
Peer group: Warehouse Clubs and Supercenters
Annual Dividend History
53 years of dividend data
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.99 | — | 4 | $2.73 | 36.3% | 2.76x | 2.0% |
| 2025 | $0.94 | 13.3% | 4 | $2.41 | 39.0% | 2.56x | 1.9% |
| 2024 | $0.83 | 9.2% | 4 | $1.91 | 43.5% | 2.30x | 1.7% |
| 2023 | $0.76 | 1.8% | 4 | $1.42 | 53.5% | 1.87x | 1.6% |
| 2022 | $0.75 | 1.8% | 4 | $1.62 | 46.1% | 2.17x | 1.5% |
| 2021 | $0.73 | 1.8% | 4 | $1.62 | 45.3% | 2.21x | 1.5% |
| 2020 | $0.72 | 1.9% | 4 | $1.73 | 41.6% | 2.40x | 1.5% |
| 2019 | $0.71 | 1.9% | 4 | $0.75 | 94.2% | 1.06x | 1.4% |
| 2018 | $0.69 | 2.0% | 4 | $1.09 | 63.6% | 1.57x | 1.4% |
| 2017 | $0.68 | 2.0% | 4 | $1.46 | 46.6% | 2.15x | 1.4% |
See WMT's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonFrequently Asked Questions
How much dividend does WMT pay per share?
Walmart Inc. (WMT) pays a trailing 12-month dividend of $0.94 per share, with a current dividend yield of +0.7%. Payments are made Quarterly.
When is WMT's next ex-dividend date?
WMT's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. WMT typically pays dividends Quarterly.
Is WMT's dividend safe?
WMT's dividend safety is rated "Sustainable" based on an earnings payout ratio of +34.3% and FCF payout ratio of +49.2%. With 43 consecutive years of dividend growth, the track record supports sustainability.
Is WMT a Dividend Aristocrat?
Yes, Walmart Inc. is classified as a Dividend Aristocrat with 43 consecutive years of dividend increases. The 5-year dividend CAGR is +5.5%, demonstrating above-inflation dividend growth.
How often does WMT pay dividends?
Walmart Inc. pays dividends Quarterly. The trailing 12-month total is $0.94 per share. Dividend data on this page covers 52+ years from 1974 to 2026.
How much would $10,000 invested in WMT grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in WMT five years ago would be worth approximately $30,135 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is WMT's yield on cost for long-term holders?
WMT's yield on cost — the current dividend divided by the original purchase price — is +1.9% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +0.7% market yield, thanks to consistent dividend growth.