Walmart Announces 3-for-1 Stock Split, Making Shares More Affordable for Employees
• Walmart conducting 12th stock split in 50 years, making shares more affordable for employees • New split is Walmart's first ever 3-for-1 stock split • Part of employee-friendly initiatives including $20K stock grants for store managers • CFO says investing in employees can still drive operating income growth • Past stock splits have generally worked out well for Walmart