Wal-Mart Raises Annual Dividend To $2.00 a Share From $1.96

Wal-Mart Stores Inc. said Thursday it is raising its annual dividend to $2.00 a share from $1.96. The dividend will be paid in four quarterly installments of 50 cents a share. The first will be paid April 4 to shareholders of record as of March 11. Shares were trading down 4% in premarket trade, as the company also reported fourth-quarter earnings. Shares are down 23% in the last 12 months, while the Dow Jones Industrial Average has fallen 8.7%.