10 Best Long-Term Dividend Stocks to Buy According to Billionaires

3. Walmart Inc. (NYSE:WMT)

Number of Billionaire Holders: 20

An American retail corporation, Walmart Inc. (NYSE:WMT) is headquartered in Arkansas. The total number of Walmart stores worldwide fell from 11,501 at the end of fiscal 2020 to 10,593 by the close of fiscal 2022, largely due to its divestments in international markets. Since then, however, the company has steadily expanded its presence, finishing fiscal 2025 with 10,711 physical stores. This consistent growth is expected to strengthen its competitive advantage and help it maintain its leadership over smaller retail rivals.

In the fourth quarter of 2024, Walmart Inc. (NYSE:WMT) reported a 4.1% year-over-year increase in revenue, reaching $180.6 billion. On a constant currency basis, revenue growth was even stronger at 5.3%. Operating income grew by 8.3%, supported by better gross margins, rising membership income, and strong performance in its e-commerce business.

For the full fiscal year, Walmart Inc. (NYSE:WMT) generated $36.4 billion in operating cash flow and ended the period with $9 billion in cash and cash equivalents. The company also returned $4.5 billion to shareholders through share repurchases and announced a 13% increase in its quarterly dividend to $0.235 per share, the largest dividend hike it has made in more than a decade. It has now raised its dividend for 52 consecutive years, which makes it one of the best dividend stocks according to billionaires. It currently pays a quarterly dividend of $0.235 per share and has a dividend yield of 0.99%, as of April 27.

Cliff Asness’ AQR Capital Management was one of the company’s leading stakeholders in Q4 2024.