Asda’s annual report and accounts for 2019 have revealed the British supermarket arm of Walmart paid its parent $ 1.52 billion in dividends in March this year, according to Reuters. The dividend payment was in respect of Asda’s 2017, 2018, and 2019 financial years.
- Asda’s dividend payment to Walmart was made following the completion of the “buy-in” of its pension scheme with Rothesay Life.
- The dividend payment was the first made by Asda to Walmart since 2017.
- In October, Issa brothers and private equity group TDR Capital agreed to buy a majority stake in Asda from Walmart, giving the supermarket chain an enterprise value of $8.8 billion.
Walmart’s stock is currently declining. WMT: NYSE is down 0.19%