The Waltons’ Walmart Dividends
In fiscal year 2014, the Waltons’ stock dividends from their near-majority stake in Walmart will amount to an estimated $3,147,315,039.
We were wondering, what can over $3.1 billion get you?
- 3,147,315,039 pairs of women’s athletic socks from Walmart.
- Rob Walton races expensive sports cars. With one year of his family’s Walmart dividends, he could buy about 315 GT40 race cars like the one he already has. (That’s right, they’re about $10 million apiece.)
- With one year of their Walmart dividends, the Waltons could raise the minimum wage at Walmart to $11/hour and still have about $1.3 billion left over.
- With one year of their Walmart dividends, the Waltons could give each of Walmart’s 1.4 million associates a raise of $1.49 an hour. [1]
- With one year of their Walmart dividends, the Waltons could give each of Walmart’s 1.4 million associates an extra $2,248 this year.
- The Waltons could cover the full cost of about 560,519 individual health insurance plans or health plans for 199,893 families.
- The Waltons could cover the student loan debt of 118,320 recent graduates.
- The family’s dividends from just one year are greater than the GDP of at least 32 countries including Lesotho, Eritrea, Maldives, Belize, Seychelles, Grenada, and the Marshall Islands.
- The family’s Walmart dividends are enough to buy all the outstanding shares of small companies such as WebMD Health Corporation, Steven Madden, Boston Beer Co (makers of Sam Adams), Buffalo Wild Wings, NutriSystem Inc, iRobot Corporation, Wendy’s, Domino’s Pizza, DSW, and Regal Entertainment Group.
[1] Calculation assumes 60/40 full-time/part-time split. Average hours for part time employees come from National Retail Federation. Full-time hours from internal Walmart memo.
Updated April 25, 2013 with FY2014 figures.
