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Wal-Mart Declares Dividend

Source: www.walmartstores.com , ,

Wal-Mart Stores, Inc. declares a quarterly dividend on the common stock of seven and one half cents ($0.075) per share.

The Board of Directors of Wal-Mart Stores, Inc. ("Wal-Mart"), declared a quarterly cash dividend on the common stock of seven and one half cents ($0.075) per share, payable January 6, 2003, to shareholders of record on December 20, 2002.

As of October 31, 2002, the Company had 1,567 Wal-Mart stores, 1,243 Supercenters, 522 SAM'S CLUBS and 39 Neighborhood Markets in the United States. Internationally, the Company operated units in Argentina (11), Brazil (22), Canada (201), China (22), Germany (95), Korea (14), Mexico (587), Puerto Rico (19) and United Kingdom (256).

Wal-Mart also owns a 6.1% interest in Seiyu, Ltd. with options to purchase up to 66.7% of that company. Seiyu operates over 400 stores located throughout Japan.

Wal-Mart employs more than 1 million associates in the United States and more than 300,000 internationally. Its securities are listed on the New York and Pacific stock exchanges under the symbol WMT.

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