Walmart announced a three-for-one stock split that will take effect on February 23, 2024. The company said shareholders of record as of February 22 will receive two additional shares for each share held. The stock split aims to make Walmart shares more accessible for employees to purchase through its stock purchase plan. The company has seen strong sales and earnings growth recently, benefiting from its grocery and retail operations. Walmart is implementing a stock split to enhance employee benefits and loyalty, including raising store manager salaries to an average of $128,000 and revising its bonus program to allow for up to 200% of base salary bonuses.
