10 Companies that Just Raised their Dividends

1. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 116

Walmart Inc. (NYSE:WMT) is a retail corporation that operates a chain of hypermarkets, discount stores, and grocery stores across the US. On February 20, the company declared a 13% increase in its quarterly dividend to $0.235 per share. This was the company’s 52nd consecutive year in which it has raised its payouts. It maintained a strong cash position in FY25, generating $36.4 billion in operating cash flow—an increase of $0.7 billion from the previous year. Free cash flow for the year reached $12.7 billion.

In the fourth quarter of fiscal 2025, Walmart Inc. (NYSE:WMT) reported a 4.1% rise in revenue, reaching $180.6 billion, with constant currency growth of 5.3%. Operating income grew by 8.3%, driven by higher gross margins, increased membership revenue, and improved eCommerce profitability. Over the full fiscal year, the company generated $36.4 billion in operating cash flow and ended the year with $9 billion in cash and cash equivalents. Additionally, Walmart repurchased $4.5 billion in shares and announced a 13% increase in its quarterly dividend to $0.235 per share—the largest hike in over a decade.

Walmart Inc. (NYSE:WMT)’s advertising business experienced significant growth, rising 27% in fiscal 2025 to approximately $4.4 billion. Walmart Connect, a key part of this segment, also expanded considerably, posting a 24% increase. The stock has outperformed the market in the past 12 months, surging by over 57% during this period.

Overall, Walmart Inc. (NYSE:WMT) ranks first on our list of stocks that raised their dividends. While we acknowledge the potential for WMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WMT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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