Walmart Inc. (WMT) will raise its quarterly dividend to $0.52 per share, marking the 45th consecutive year of dividend increases. The current dividend yield for Wal-Mart is 2.2%.

The new dividend is payable on April 2, 2018 to shareholders of record at the close of business on March 9, 2018.

“We’re proud of our track record of returning meaningful cash to shareholders and are pleased to be increasing our annual dividend for the 45(th) consecutive year,” said Brett Biggs, executive vice president and chief financial officer at Walmart Inc. 

Walmart Inc. is operates retail, wholesale and other units, as well as eCommerce websites, located throughout the U.S., Africa, Argentina, Brazil, Canada, Central America, Chile, China, India, Japan, Mexico and the United Kingdom. The company's operations comprise three reportable segments: Walmart U.S., Walmart International and Sam's Club. Although Walmart was incorporated in Delaware in October 1969, the businesses conducted by our founders began in 1945 when Sam M. Walton opened a franchise Ben Franklin variety store in Newport, Arkansas. The company has paid a dividend every year since 1973.