12 Best Retail Dividend Stocks to Buy Now

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1. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 105

Walmart Inc. (NYSE:WMT) is an American retail giant that runs hypermarkets, discount stores, and grocery stores nationwide. With more than 5,200 domestic locations, a strong e-commerce presence, its Sam’s Club division, and a sizable international business, Walmart’s wide product range— particularly in groceries— combined with its focus on everyday low prices, makes it highly competitive in any economic climate.

Walmart Inc. (NYSE:WMT) consistently delivers strong profits and returns value to shareholders through stock buybacks. Reducing the number of shares outstanding increases the value of each remaining share, and since 1995, Walmart has nearly halved its share count.

Walmart Inc. (NYSE:WMT)’s dividend also plays an important role in its success over the years. The company currently pays a quarterly dividend of $0.235 per share and has a dividend yield of 0.91%, as of September 22. WMT has been growing its payouts for 52 consecutive years.

While we acknowledge the potential of WMT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WMT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 11 Cheap Quarterly Dividend Stocks to Buy Right Now and 10 Safest High Dividend Stocks to Buy Now.

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