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Through the company’s stock purchase plan, eligible employees can buy Walmart stock with payroll deductions that the company will match at 15% for the first $1,800 per year, it said in a press ...
For the 12th time in 50 years, Walmart will conduct a stock split in an effort to make shares more affordable for its employees. Walmart last carried out a 2-for-1 stock split on April 20, 1999.
Walmart Inc. / 36.36556°N 94.21750°W / 36.36556; -94.21750. Walmart Inc. ( / ˈwɔːlmɑːrt / ⓘ; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States, headquartered in ...
In fact, Furner noted that Walmart has long had an employee stock program where employees can buy stock directly and then have the company match 15% of the employees' purchase, up to $1,800 per year.
The majority of the family's wealth derives from the heritage of Bud and Sam Walton, who were the co-founders of Walmart. Walmart is the world's largest retailer, one of the world's largest business enterprises in terms of annual revenue, and, with just over 2.2 million employees, the world's largest private employer.
Cifra - Walmart's operations in Mexico started as Walmex, a joint venture between Cifra of Mexico and Wal-Mart Stores, Inc. Walmart later bought a majority interest in Cifra and changed the name to Walmart de Mexico. Walmex is independently traded on the Mexican stock exchange, although Wal-Mart Stores, Inc. holds a majority interest.
In a statement announcing the news Tuesday after markets closed, Walmart said the decision to do a 3-for-1 split was in part so that employees “feel that purchasing shares is easily within reach.”
The move comes after Walmart split its shares 3-for-1 in February so more employees could be shareholders. CEO Doug McMillon said it follows the mission of the retailer's founder.
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