{Tech Fin}

Wal Mart, the retailer giant, has announced the hike in their dividend percent. They have raised the dividend by 11 percent, $1.21 a share from $1.09.Wal Mart has been consistently increasing its dividend year on year. Their first dividend was declared in 1974 and since then every year there has been increase in dividend. Last year they gave a increase in 15% in dividend to their share holders. The total payment on dividend would amount to more than $4.5 billion for shareholders in the current fiscal year.

Wal Mart would be diversifying their business and are reported to foray into digital content as well.