There's no question that Wal-Mart (NYSE:WMT) has problems. But there's also no question that it remains a robust and thriving business that rewards shareholders with generous quarterly dividends.

Does this mean it's a great dividend stock for investors to buy today? In the video below, Motley Fool contributor John Maxfield explains why the answer is yes.

In the first case, its 2.5% yield easily outpaces the general market, measured by the S&P 500's 1.96% yield. Additionally, it distributes only 39% of its earnings to shareholders each quarter, meaning there's plenty of room left for its dividend to grow. Finally, Wal-Mart has now increased its dividend for 41 sequential years, qualifying it for inclusion in the coveted Dividend Aristocrats and suggesting that there's no reason for investors to fear that its dividend will be cut anytime soon.

As John explains, these factors make Wal-Mart one of the best dividend stocks in the market today.

Two stocks changing the retail world
To learn about two retailers with especially good prospects, take a look at The Motley Fool's special free report: "The Death of Wal-Mart: The Real Cash Kings Changing the Face of Retail." In it, you'll see how these two cash kings are able to consistently outperform and how they're planning to ride the waves of retail's changing tide. You can access it by clicking here.

John Maxfield has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.