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November 19, 2012 at 13:50 PM EST
Wal-Mart Moves Dividend Up On Fiscal Cliff Concerns
Wal-Mart (WMT) moved up its dividend payment to late December so shareholders could avoid raised tax rates as part of the "fiscal cliff" worries. "There are complex fiscal and federal tax rate issues that may not be resolved in the next few weeks, despite the ongoing good faith negotiations between the administration and Congress to resolve details related to the fiscal cliff," Wal-Mart said in a statement according to Reuters. "In light of this
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