Walmart Shares Start Trading After 3-for-1 Stock Split, Increasing Outstanding Shares and Boosting Shareholder Value
• Walmart (NYSEWMT) shares to start trading on post-split basis today after 3-for-1 stock split • Stock split increases outstanding shares from 2.7 billion to 8.1 billion • Walmart has been boosting shareholder value via stock splits, dividends, and share repurchases • Recently hiked annual dividend by 9%, marking 51st straight year of dividend increases • Walmart plans to open or convert 150 stores over next 5 years and remodel 650 stores in coming year