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Walmart raises dividend by 18% as profits rise, but troubles ahead

AFP
February 23, 2013, 12:01 am TWN

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NEW YORK -- Global retailing giant Walmart Thursday announced increased quarterly profits and a higher dividend, even as it pointed to some U.S. and foreign challenges in the near term.

Wal-Mart Stores Inc. reported net income of US$5.6 billion in the fiscal fourth quarter ended Jan. 31, up 8.6 percent from the year-ago period. Revenues rose 3.9 percent from the year-ago period to US$127.9 billion.

The world's largest retailer raised its fiscal 2014 dividend by 18 percent to US$1.88 a share, compared with US$1.59 paid during fiscal year 2013.

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