Wal-Mart Increases Annual Dividend By Over 11 Percent

BENTONVILLE, Ark., March 2 -- The Board of Directors of Wal-Mart Stores, Inc. (NYSE: WMT) has approved an increase in the annual dividend to $0.67 per share, an 11.7% increase from the $0.60 per share paid during the previous fiscal year. For fiscal year ending January 31, 2007, the annual dividend of $0.67 per share will be paid in four quarterly installments of $0.1675 per share, according to the following record and payable dates:

                    Record Date             Payable Date

                   March 17, 2006          April 3, 2006
                   May 19, 2006            June 5, 2006
                   August 18, 2006         September 5, 2006
                   December 15, 2006       January 2, 2007

Based upon this announced increase, the Company plans to return more than $2.7 billion to its shareholders in the form of dividends this fiscal year. Wal-Mart has increased its dividend every year since its first declared dividend of $0.05 in March 1974.

The Company announced April 5, 2006, as the record date for the annual shareholders' meeting that will occur on June 2, 2006.

Wal-Mart Stores, Inc. operates Wal-Mart 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, Germany, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, South Korea and the United Kingdom. The company's securities are listed on the New York and Pacific stock exchanges under the symbol WMT. More information about Wal-Mart can be found by visiting http://www.walmartfacts.com . Online merchandise sales are available at http://www.walmart.com .

SOURCE Wal-Mart Stores, Inc.

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