Walmart announced this morning an increase in the company’s stock dividend from $1.88 to $1.92 a share, or slightly more than a 2 percent increase. More than half of that increase will accrue to the benefit of the family of founder Sam Walton.
The company noted that it returned $12.8 billion to shareholders in fiscal 2014 in the form of dividends and share repurchases.
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The company release didn’t note that the Walton family owns directly or controls about 51 percent of the company stock, meaning that more than $6 billion of those benefits accrued to the family.