Wal-Mart Increases Annual Dividend Eight Percent

The Board of Directors of Wal-Mart Stores, Inc. has approved an increase in the annual dividend to $0.95 per share, an eight percent increase from the $0.88 per share paid during fiscal year 2008.

For fiscal year ending Jan. 31, 2009, the annual dividend of $0.95 per share will be paid in four quarterly installments of $0.2375 per share.

Based upon this announced increase, the Company plans to return more than $3.6 billion to its shareholders in the form of dividends in fiscal year 2009. Wal-Mart has increased its dividend every year since its first declared dividend of $0.05 in March 1974.

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