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Walmart (WMT) investors are preparing for a stock split later today.
Walmart will conduct its 12th stock split in 50 years after the deal closes to make stock more affordable for employees, Yahoo Finance senior reporter Brooke DiPalma reported. The shares will be traded on a post-split basis from February 26th.
Walmart last conducted a 2-for-1 stock split on April 20, 1999, but this will be the company’s first 3-for-1 stock split.
The move comes as the world’s biggest retailers roll out a flurry of employee-friendly initiatives this year. Others include offering store managers up to $20,000 in stock grants and higher starting salaries.
We assure you that these are not normal practices in the retail industry.But those people It should be Given the increased demands placed on store employees, including running through cavernous aisles to fill online orders.
Here’s what Walmart CFO John David Rainey told me on Yahoo Finance Live this week when I asked if there was a culture reset happening within the company.
“You might call it that. That’s an interesting characteristic. Look, the fundamental thing for us is that we want to continue to invest in our people. Fortunately, we’re currently That way, you’re not only investing in your employees, but you’re also making sure your operating profits grow faster over time.
“I think a consistent theme throughout my 25 years of work is that having managers, who are the front lines of business, act like owners is also very good for shareholders. We are excited to have our store managers participate through equity ownership through stock grants. ”
What’s good for employees can also be good for a company’s stock price. It makes sense!
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