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Author: rationalwalk Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 212546  
Subject: Wal-Mart Accelerates Dividend Date: 11/19/2012 6:58 PM
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Smart move:

http://news.walmart.com/news-archive/2012/11/19/walmart-chan...

The dividend is $0.3975/share.

A quick look at the Wal-Mart proxy indicates that Walton family ownership is around 1.61 billion shares. So the dividend received by the family is about $640 million. I have no idea if some of the shares are in some way sheltered but assume not. The family potentially saved nearly $182 million assuming the dividend tax rate rises to 43.4% next year.

Not bad for shifting a dividend payment date by four days.

I would have been more aggressive and prepaid all 2013 dividends prior to the end of this year. But I imagine the bad publicity could be problematic...
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