0%, a gap wide enough to make any income-focused investor stop and take notice before reaching a conclusion. Walmart has raised its dividend by approximately 9% annually over the past three years, while Target’s last four increases came in at a narrow range of just 1. 8% in June, putting 2026 on track to be its 55th consecutive year of increases, while Walmart sits just behind at 53 straight years of raises. 9% in the three months to July, with e-commerce up 23%, advertising revenue climbing 38%, and membership fees growing 17% during the same period. CEO John Furner explained the company’s pricing strategy on the earnings call, saying: “We’re investing heavily in price because customers need us to and because we believe it drives market share gains over time.