Meet an Artificial Intelligence (AI) Stock That’s Increased Its Dividend for Over 50 Consecutive Years
From NASDAQ: 2024-05-31 05:50:00
Most AI stocks, like Apple, Meta Platforms, Microsoft, and Nvidia, offer low dividend yields below 1%. IBM stands out with a 3.9% forward dividend yield but lags behind S&P 500 performance. Walmart, a Dividend King, increased its dividend for 51 years and uses AI technology, making it a strong dividend choice.
Despite being a retail giant, Walmart is also an AI stock due to its extensive use of AI technology in operations. In March 2024, Walmart Commerce Technologies launched an AI-powered route optimization software, showcasing its AI capabilities. Walmart offers a 1.28% forward dividend yield, attracting investors interested in AI stocks with dividends.
Investing in Walmart could be beneficial due to its long-term resilience and potential AI benefits. The Motley Fool recently identified 10 top stocks to buy, excluding Walmart. Nvidia, a previous recommendation, turned $1,000 into $703,539. The Stock Advisor service has outperformed the S&P 500 since 2002, offering valuable insights for investors.
Randi Zuckerberg from Meta Platforms serves on The Motley Fool’s board, with Keith Speights holding positions in Apple, Meta Platforms, and Microsoft. The Motley Fool recommends Apple, Meta Platforms, Microsoft, Nvidia, and Walmart, emphasizing their investment potential. Make informed decisions based on expert analysis and market trends for optimal returns.
Read more at NASDAQ: Meet an Artificial Intelligence (AI) Stock That’s Increased Its Dividend for Over 50 Consecutive Years