Walmart announces 53rd consecutive dividend increase as stock slides before earnings

Walmart announced a 53rd straight dividend increase, raising the quarterly payout to $0.99 per share, up from $0.94. The dividend yield has fallen to about 0.85%, meaning a $10,000 investment would generate roughly $86 in annual dividends.

At the same time, Walmart's shares fell 1.03% to $112.53, underperforming the broader market. The decline comes as investors await the company's earnings report scheduled for August 20, 2026. Analysts project quarterly earnings per share of $0.74 on revenue of $186.4 billion, and full‑year earnings of $2.89 per share with $750 billion in revenue. The stock trades at a forward price‑to‑earnings ratio of 39.36, well above the retail‑supermarkets industry average of 13.94.