#1 - Walmart (NYSE:WMT)
Many dividend aristocrats fall into the category of “forever stocks.” That term refers to stocks that you can rely on for solid stock price appreciation and dividend growth no matter what’s happening in the market or the world. And in the realm of forever stocks, Walmart Inc. (NYSE: WMT) has proven its worth time and again.
The company’s model of providing everyday low prices attracts low- to middle-income consumers. And as those consumers find themselves under pressure, Walmart is also attracting more affluent consumers who want their dollars to stretch farther.
In early 2024, Walmart split its stock 3-for-1. A stock split doesn’t change the valuation of a company but it has the tendency to positively affect investor sentiment. That’s been the case with WMT stock, which is up 28% in 2024. And the total return in WMT stock is over 100% in the last five years.
Plus, Walmart has increased its dividend for 52 consecutive years, which makes it not only a dividend aristocrat, but also a dividend king.
About Walmart
Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.
Read More - Current Price
- $80.60
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 26 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $78.99 (2.0% Downside)
