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History shows this S&P 500 dividend grower is a buy-and-hold forever stock

History shows this S&P 500 dividend grower is a buy-and-hold forever stock

Buy-and-hold dividend growth investors often realize that it pays to be patient. The continuous rising payouts can offer excellent returns in the long run if you cash out, or they can help you increase your stock holdings if you reinvest your dividends back into the company.

One company has had 50 consecutive annual dividend increases, which makes it worth considering if you’re hunting for passive income.


Walmart (NYSE: WMT) is a tech retailer that allows its users to shop in over 11,400 retail stores and online. The company operates through three segments: Walmart US, Walmart International, and Sam’s Club.

This is the largest company by revenue since 2014. It may not offer the most generous dividend yield compared to other companies, but its payments are consistent and they increase each year.

Walmart now pays a dividend yield of 1.39% annually or $2.28 per share. That’s almost 2% higher than the dividend payout from the previous year.

WMT stock is trading at all-time highs

Unlike most popular stocks that had their peaks in 2021 or 2022 and fell back, Walmart stock is now trading at the highest level.

Despite that, analysts at TipRanks see the stock continue to rise by another 8% within the next 12 months.

TipRanks analyst consensus for the WMT stock. Source: Source: Interactive Brokers Fundamentals Explorer

In its Q2 report for FY2024, Walmart reported robust results, beating analyst estimates and slightly raising its full-year guidance. These results showed Walmart is positioned well for a tight economy where it offers products at the lowest prices.

Trading at all-time highs means we don’t know where the stock price may stop for a pullback. If you’re looking for a dividend king to add to your portfolio, Walmart is definitely worth considering, especially when it dips.
Walmart is up 14% year-to-date, slightly underperforming the S&P 500’s 16% return during the same period.

Recommended read: Top 50 Dividend Stocks to Buy

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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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