Dividend Aristocrat Wal-mart Stores (WMT) reports an adjusted EPS of $1.56, beating analyst estimates by $0.31. Revenue of $137.7 billion beats analyst estimates by $3.93 billion and grows 5.6% versus the same quarter a year ago.
Walmart’s operating profit was driven by strength in all of its operating segments, with significantly lower losses in e-commerce activities. Walmart said it spent $1.5 billion on coronavirus-related costs.
After a strong opening on the positive news, the stock closed at $134.71 down -0.89 (-0.66%). Walmart’s stock had gained ~14% this year. The forward dividend and dividend yield are $2.16 (1.57%).
Wal-Mart Stores current dividend yield of 1.57% is -35% below its 5-year average. The 5-year average dividend yield is 2.43% (see red-line in chart). This indicates the stock looks overvalued today.