Walmart reported quarterly financial results that have major implications for passive income investors.
The quarterly earnings release from Walmart (WMT -1.75%) could change its ability to pay dividends. Fool.com contributor and finance professor Parkev Tatevosian updates his recommendation on Walmart stock.
*Stock prices used were the afternoon prices of May 18, 2023. The video was published on May 20, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Walmart. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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