These 5 Dow Stocks Will Boost Their Dividends Soon

2. Walmart Inc. (NYSE:WMT)

Expected Month for Dividend Increase: February 2024

An American retail giant, Walmart Inc. (NYSE:WMT) is one of the Dow stocks that will boost their dividends soon. The company last raised its dividend in February 2023 for the 50th consecutive year. It currently pays a quarterly dividend of $0.57 per share and has a dividend yield of 1.45%, as of January 5.

At the end of the third quarter of 2023, 80 hedge funds tracked by Insider Monkey reported having stakes in Walmart Inc. (NYSE:WMT), worth collectively nearly $6 billion.

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