January 15, 2013 at 09:27 AM EST
Wal-Mart Reports Plan to Hire More Veterans (WMT)

Discount retailer, Wal-Mart Stores, Inc.(WMT) reported on Tuesday that the they will begin a program to hire recently discharged military veterans.

This program, which is expected to begin on May 27th, will aim to hire veterans who have been discharged from the military in the past year on good terms. WMT plans to hire 100,000 veterans within the next five years.

Wal-Mart reported that approximately 100,000 of their current 1.4 million employees have served in the military. The company noted that these veterans make excellent employees.

Unemployment for veterans is currently above those who are non-veterans. Although these jobs will not all be full time employment opportunities, Wal-Mart is aiming to get these veterans at least part time work.

Wal-Mart shares were mostly flat during premarket trading Tuesday. The stock has increased 14% in the past year.

The Bottom Line
Shares of Wal-Mart Stores (WMT) have a 2.33% dividend yield, based on last night’s closing stock price of $68.30. The stock has technical support in the $65 price area. If the shares can firm up, we see overhead resistance around the $70-$72 price levels.

Wal-Mart Stores, Inc.(WMT) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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