Walmart (NASDAQ: WMT) is a global retail giant with over 10,000 locations in 19 countries since its IPO in 1970. The company boasts an annual dividend of $0.94 per share and has increased its dividend for 52 consecutive years, making it a Dividend King. With a current stock price of $115.52, you would need to own 532 shares to receive $500 in annual dividend income.

Investing in Walmart means backing a financially sound company with an economic moat. However, the Motley Fool Stock Advisor didn’t list Walmart among its 10 best stocks to buy now, emphasizing the potential for high returns with other picks.

Read more at Nasdaq: Here’s How Many Shares of Walmart You’d Need for $500 in Yearly Dividends