Walmart (WMT) Holds Title as Largest Employer in the Dividend Aristocrats Index
A manager standing in a hypermarket, pointing out items available for wholesale.
The S&P Dividend Aristocrat Index includes companies with a wide range of workforce sizes, and Walmart Inc. (NYSE:WMT) stands out as the largest private employer in the US, with around 2.1 million employees. It also leads the index in revenue, having generated approximately $674 billion in the 12 months ending December 31, 2024, with a market capitalization of about $800 billion as of March 31, 2025.
Walmart Inc. (NYSE:WMT)'s global store count declined from 11,501 at the end of fiscal 2020 to 10,593 by the end of fiscal 2022, mainly due to divestments in international markets. However, the company has since reversed that trend, closing fiscal 2025 with 10,711 stores worldwide. This steady growth in physical locations is expected to reinforce its competitive position and help it maintain an edge over smaller retail competitors.
Walmart Inc. (NYSE:WMT) has been consistently raising its dividends for the past 52 years, which makes it one of the best dividend aristocrat stocks. The company's quarterly dividend comes in at $0.235 per share and has a dividend yield of 0.97%, as of June 27.
While we acknowledge the potential of WMT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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