Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessWalmart announces 3-for-1 stock split, to help associates purchase and benefit from...

Walmart announces 3-for-1 stock split, to help associates purchase and benefit from company shares

Add to Favorite
Added to Favorite

 

Credit Doug McMillon Meta

Walmart, the nation’s largest retailer, announced on its website that it will split its shares of common stock at a ratio of 3-for-1. According to Walmart’s CEO, it is conducting the split of its outstanding shares to help millions of its associates benefit and realize that purchasing company shares is within its reach.

Doug McMillon, the President and CEO of Walmart, said, “Sam Walton believed that it was important to keep our share price in a range where purchasing whole shares, rather than fractions, was accessible to all of our associates.”

He also said they thought it was “a good time to split the stock” as the company grew and planned for the future. He mentioned that Walmart wanted to “encourage” their “associates to participate in the years to come.”

McMillion also quoted Walmart founder Sam Walton: “We’re all in this together. That’s the secret.”

Credit Doug McMillon Meta

Walmart offers many benefits to its associates, one of which is the Associate Stock Purchase Plan. This benefit has been available for employees for almost three decades. Over 400,000 associates avail this benefit using payroll deductions for convenience. Walmart also offers a 15 percent company match on the purchase of the first $1800 each year.

Walmart said that shareholders will receive the additional shares after the market closes on February 23, as per records on February 22. On February 26, Walmart stock will trade on a post-split basis. The shares were at $165.59 at Tuesday’s close, a little less than its November high of $169.94 per share. Stocks also rose by roughly one percent in extended trading.

The last time Walmart spilled its common stock was in 1999. The Bentonville, Arkansas, headquartered retailer has done 11 two-for-one stock splits throughout its history. According to its site, the company was officially incorporated in 1969 and registered $12.7 billion in sales, although its first store was opened in Rogers, Arkansas, in 1962. The Rogers Walmart store is the first and oldest, and the landmark store remains open.

Celebrity WEB Update— Premier Jewelry designer and manufacturer fashion house ParisJewelry.com has started manufacturing a new custom line of celebrity jewelry designs with 30% Off and Free Shipping. Replenish Your Body- Refilter Your Health with OrganicGreek.com Vitamin Bottles, Vitamins, and Herbs. Become a  WebFans  Creator and Influencer. Check the New Special XMicro Razors for Men & Women, 1 Razor, 7 Blade Refills with German Stainless Steel, Lubricated with Vitamin E, Aloe for Smooth Shave, Shields Against Irritation, Version X




Subscribe to get Latest News Updates

Latest News

You may like more
more

Watch Samsung to launch wearable product, smart ring called Galaxy Ring, web fans are excited

Samsung (SSNLF) will soon launch its first-of-its-kind wearable product,...

Bad news for inflation: Wholesale prices rose in June

The cost of goods—including gas, electronics, and appliances—dropped by...

Benchmark Reiterates Buy Rating on JD.com, Adjusts Q2 Revenue Growth Projection

Benchmark analysts reaffirmed their Buy rating and set a...

Truist Securities Reiterates Buy Rating on Five9 Amid Activist Investor Push for Sale

Truist Securities analysts reaffirmed their Buy rating and set...