SmarterDividends
WMT

Walmart Inc.

WMT50 yrs growth

Consumer Defensive · Discount Stores · Stock · quarterly payer

$118.81

Overvalued · -51% Add to Portfolio

Forward Yield

0.83%

Annual Dividend

$0.99

Payout Ratio

35%

5-Yr Growth

5.5%

Ex-Date

Dec 11, 2026

Frequency

Quarterly

Key facts about WMT's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 19, 2026, Walmart Inc. (WMT) has a forward dividend yield of 0.83%, based on an annual dividend of $0.99 per share and a share price of $118.81.
  • As of Oct 19, 2026, WMT's dividend safety grade from SmarterDividends is A (91 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Walmart Inc. (WMT) has raised its dividend for 50 consecutive years as of Oct 19, 2026, which makes it a Dividend King. The company's own count can be longer, because SmarterDividends' payment records for most companies begin around 1970.
  • WMT has never cut its regular dividend in the payment history SmarterDividends has on record.
  • WMT's next ex-dividend date is Dec 11, 2026, with payment on Jan 4, 2027. Shares must be owned before that date to receive the dividend.
  • As of Oct 19, 2026, WMT pays out 35% of its trailing 12-month earnings as dividends (its payout ratio).
  • WMT's dividend has grown at an average rate of 5.5% a year over the past five years.
  • As of Oct 19, 2026, WMT's 0.83% yield is 39% below its five-year average yield of 1.35%.
  • As of Oct 19, 2026, SmarterDividends' blended fair-value estimate for WMT is $57.65 per share, 51% below the $118.81 share price, so WMT screens as overvalued.
  • Walmart Inc. (WMT) pays its dividend quarterly, 4 times a year.
  • Walmart Inc. (WMT) has raised its regular dividend 52 times and cut it 1 time across the 209 payments on record since 1974. Its most recent change was a 5.5% increase to $0.248 per share, going ex-dividend on Mar 20, 2026. The last cut went ex-dividend on Mar 11, 1975.
  • Walmart (WMT) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 5.5%, was declared on Feb 19, 2026.
Cite this page

SmarterDividends, "WMT Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 19, 2026, https://smarterdividends.com/stocks/WMT

Summary

As of Oct 19, 2026, Walmart Inc. (WMT) yields 0.83% ($0.99 a year per share), has a dividend safety grade of A (91/100) and has 50 consecutive years of dividend increases on record.

Is WMT a good dividend stock?

Yes

Walmart Inc. (WMT) pays a quarterly dividend yielding 0.83% ($0.99/yr), with 50 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Dividend King — 50 straight years of increases
  • Never cut its dividend on record
  • Comfortable payout ratio (35%)
  • Strong 5.5% 5-yr dividend growth
  • 153% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
0.83%
Payout Ratio
35%
Annual Dividend
$0.99
5-Yr Avg Growth
5.5%
Ex-Dividend Date
Dec 11, 2026
Years of Growth
50
Frequency
quarterly
Beta
0.58
Market Cap
$942.6B
P/E Ratio
43.0
5-Yr Total Return
153%
52-Week Range
$98.88 – $135.16
Dividend Safety
A · 91/100
Ever Cut?
No

WMT dividend raises and cuts

Walmart Inc. (WMT) has raised its regular dividend 52 times and cut it 1 time across the 209 payments on record since 1974. Its most recent change was a 5.5% increase to $0.248 per share, going ex-dividend on Mar 20, 2026. The last cut went ex-dividend on Mar 11, 1975.

Ex-dateChangeOld → newMove
Mar 20, 2026Raise$0.235 → $0.248+5.5%
Mar 21, 2025Raise$0.208 → $0.235+13.0%
Mar 14, 2024Raise$0.190 → $0.208+9.5%
Mar 16, 2023Raise$0.187 → $0.190+1.8%
Mar 17, 2022Raise$0.183 → $0.187+1.8%
Mar 18, 2021Raise$0.180 → $0.183+1.9%
Mar 19, 2020Raise$0.177 → $0.180+1.9%
Mar 14, 2019Raise$0.173 → $0.177+1.9%
Mar 8, 2018Raise$0.170 → $0.173+2.0%
Mar 8, 2017Raise$0.167 → $0.170+2.0%
Mar 9, 2016Raise$0.163 → $0.167+2.0%
Mar 11, 2015Raise$0.160 → $0.163+2.1%
Show all 53 changes since 1975
Ex-dateChangeOld → newMove
Mar 7, 2014Raise$0.157 → $0.160+2.1%
Mar 8, 2013Raise$0.133 → $0.157+18.1%
Mar 8, 2012Raise$0.122 → $0.133+9.0%
Mar 9, 2011Raise$0.101 → $0.122+20.5%
Mar 10, 2010Raise$0.0910 → $0.101+11.0%
Mar 11, 2009Raise$0.0793 → $0.0910+14.7%
Mar 12, 2008Raise$0.0733 → $0.0793+8.2%
Mar 14, 2007Raise$0.0560 → $0.0733+31.0%
Mar 15, 2006Raise$0.0500 → $0.0560+12.0%
Mar 16, 2005Raise$0.0433 → $0.0500+15.4%
Mar 17, 2004Raise$0.0300 → $0.0433+44.4%
Mar 19, 2003Raise$0.0250 → $0.0300+20.0%
Mar 20, 2002Raise$0.0233 → $0.0250+7.1%
Mar 21, 2001Raise$0.0200 → $0.0233+16.7%
Mar 15, 2000Raise$0.0167 → $0.0200+20.0%
Mar 17, 1999Raise$0.0130 → $0.0167+28.2%
Mar 18, 1998Raise$0.0113 → $0.0130+14.7%
Mar 17, 1997Raise$0.0087 → $0.0113+30.8%
Mar 15, 1996Raise$0.0083 → $0.0087+4.0%
Mar 15, 1995Raise$0.0070 → $0.0083+19.0%
Mar 15, 1994Raise$0.0053 → $0.0070+31.3%
Mar 17, 1993Raise$0.0043 → $0.0053+23.1%
Mar 17, 1992Raise$0.0035 → $0.0043+23.8%
Mar 18, 1991Raise$0.0029 → $0.0035+20.0%
Mar 19, 1990Raise$0.0023 → $0.0029+27.3%
Mar 17, 1989Raise$0.0017 → $0.0023+37.5%
Mar 17, 1988Raise$0.0013 → $0.0017+33.4%
Mar 17, 1987Raise$0.0009 → $0.0013+42.9%
Mar 18, 1986Raise$0.0007 → $0.0009+20.0%
Mar 18, 1985Raise$0.0005 → $0.0007+34.5%
Mar 19, 1984Raise$0.0004 → $0.0005+48.5%
Mar 18, 1983Raise$0.0002 → $0.0004+56.0%
Mar 23, 1982Raise$0.0002 → $0.0002+38.5%
Mar 24, 1981Raise$0.0001 → $0.0002+30.0%
Mar 28, 1980Raise$0.0001 → $0.0001+32.7%
Mar 19, 1979Raise$0.0001 → $0.0001+36.1%
Mar 17, 1978Raise$0.0001 → $0.0001+22.0%
Jun 20, 1977Raise$0.0000 → $0.0001+78.8%
Dec 8, 1976Raise$0.0000 → $0.0000+26.9%
Dec 5, 1975Raise$0.0000 → $0.0000+30.0%
Mar 11, 1975Cut$0.0000 → $0.0000−39.4%
Every WMT payment →Download every raise and cut (CSV)
WMT ex-dividend date & scheduleNext ex-date Dec 11, 2026 · full ex-dividend historyView →WMT dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is WMT a good dividend stock?

Yes. Walmart Inc. (WMT) pays a quarterly dividend yielding 0.83% ($0.99/yr), with 50 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is WMT undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, WMT's fair value is about $57.65 versus a $118.81 share price — so it looks overvalued (-51% vs. fair value).

Is WMT's dividend safe?

WMT has a dividend-safety grade of A (91/100), based on its payout coverage, free-cash-flow, 50-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is WMT's fair value?

Our blended fair-value estimate for WMT is about $57.65 per share, about 51% below the current $118.81 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is WMT a buy, hold, or sell?

We don't issue formal ratings, but on the data WMT screens as "yes" and overvalued. Walmart Inc. (WMT) pays a quarterly dividend yielding 0.83% ($0.99/yr), with 50 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will WMT cut its dividend?

WMT earns a dividend-safety grade of A (91/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does WMT pay a dividend?

Yes. Walmart Inc. pays a quarterly dividend of about $0.99 per share annually, a forward yield of roughly 0.83%.

What is WMT's dividend yield?

As of Oct 19, 2026, WMT's forward dividend yield is 0.83%, based on a $0.99 annual dividend and a $118.81 share price.

What is WMT's dividend per share?

As of Oct 19, 2026, WMT pays $0.99 per share per year, distributed on a quarterly basis.

What is WMT's dividend payout ratio?

As of Oct 19, 2026, WMT's payout ratio is 35% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has WMT grown its dividend?

As of Oct 19, 2026, WMT has increased its dividend for 50 consecutive years.

When is the next WMT ex-dividend date?

As of Oct 19, 2026, the next ex-dividend date on record for WMT is Dec 11, 2026.

Income Calculator

At $0.99 / yr per share

Per payment (quarterly)$24.75
Annual$99.00
Monthly avg$8.25

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