24 June 2016: Bought 35 shares of WMT at $72.15 per share.
Wal-Mart Stores, Inc. (WMT) is the world's largest retailer. Based in Bentonville, Arkansas and founded in 1945, WMT is a multinational retailer consisting of more than 11,000 stores under 72 banners in 28 countries. It is the biggest private employer in the world with over two million employees.
WMT is a Dividend Champion with an impressive streak of 43 consecutive years of dividend increases. The company pays quarterly dividends in January, April, July and October.
At my buy price of $72.15 the stock yields 2.77%. Adding 35 shares of WMT to DivGro increases projected annual dividend income by $70 to $11,464.
Before this buy I owned 34 shares of WMT, which I bought in June last year at $75.40 per share and at a starting yield on cost (YoC) of 2.55%. Adding these 35 shares reduces my per share cost basis to $73.76 and increases average YoC to 2.71%.
|To see my analysis of WMT and the reasons I added to my current position, please read this article at Seeking Alpha.|
Since my purchase, WMT's share price dropped another 1%, so you could get in even lower than my buy price!
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