From Nasdaq: 2024-05-21 05:15:00

Walmart (NYSE: WMT) is the second-best-performing Dow Jones Industrial Average component in 2024, up over 21% year to date. It became the first Dividend King to surpass a $500 billion market cap. Walmart’s strong quarter saw 6% sales growth, 13.7% operating income growth, and 22.4% EPS growth, prompting an upward revision of fiscal 2025 guidance. Walmart’s growth drivers include Walmart+, e-commerce expansion, and focus on value and convenience over price.

With a premium valuation, Walmart remains a buy as it grows margins, increases reach through home delivery, and navigates consumer spending challenges well. Its 9% dividend raise — the highest in a decade — hints at future dividend hikes due to low payout ratio. Walmart’s strategic investments and solid performance make it a foundational stock for long-term growth.



Read more at Nasdaq: Here’s Why Walmart Just Became the First Half-Trillion-Dollar Dividend King