That said, I decided to pick up this dividend champion.
- 21 shares of Wal-Mart Stores, Inc. (WMT) @ 71.00$
This Purchase will add $39.48 to my annual dividend income.
On the 21st of February 2013 WMT announced a dividend increase, a very hefty 18% increase. The stock has gone nowhere for the last decade, due to overvaluation in the year 2000. WMT has a very good track record of EPS growth during that period. As of today, shares trade around a TTM P/E of around 14.
The dividend record is one of the most beautiful things I've ever seen.
Thanks for reading, take care.