BENTONVILLE, Ark., March 8, 2007 -- The Board of Directors of Wal-Mart Stores, Inc. (NYSE: WMT) has approved an increase in the annual dividend to $0.88 per share, a 31% increase from the $0.67 per share paid during fiscal year 2007. For fiscal year ending January 31, 2008, the annual dividend of $0.88 per share will be paid in four quarterly installments of $0.22 per share, according to the following record and payable dates:
Record Date Payable Date
March 16, 2007 April 2, 2007
May 18, 2007 June 4, 2007
August 17, 2007 September 4, 2007
December 14, 2007 January 2, 2008
Based upon this announced increase, the Company plans to return more than $3.6 billion to its shareholders in the form of dividends in fiscal year 2008.
Wal-Mart has increased its dividend every year since its first declared dividend of $0.05 in March 1974.
The Company also announced that April 5, 2007 is the record date for its annual shareholders' meeting that will occur on June 1, 2007.
Wal-Mart Stores, Inc. operates Wal-Mart discount stores, supercenters, Neighborhood Markets and Sam's Club locations in the United States. The Company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, and the United Kingdom. The Company's securities are listed on the New York Stock Exchange (NYSE) under the symbol WMT. More information about Wal-Mart can be found by visiting http://www.walmartstores.com/investors and http://www.walmartfacts.com. Online merchandise sales are available at http://www.walmart.com and http://www.samsclub.com.
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