Posted 2/26/2024, 2:38:41 PM
Walmart Stock Splits, Makes Shares More Accessible to Employees While Raising Dividend
- Walmart enacted a 3-for-1 stock split on Friday, lowering the share price but giving existing shareholders more shares
- The split makes the stock more accessible to Walmart employees, as part of the company's focus
- Walmart also announced a 9% dividend hike to $0.83 annually
- The stock is trading near the top of its 52-week range but at the bottom of the day's range pre-market
- Investors placed orders to buy the stock at the lower price point following the split, which could drive the price up at the open