Discount retailer, Wal-Mart Stores, Inc. (WMT) has brought back its “Great Gas Rollback” program, which may encourage customers to travel this summer.
Walmart has brought back its “Great Gas Rollback” program this summer. From April 1 to July 7, Walmart will be giving its Walmart MoneyCard, and Walmart Credit Card holders a 15 cent per gallon discount on their gas purchases. Customers using a Walmart gift card will save 10 cents per gallon.
This program will be offered in more than 1000 Murphy USA and Walmart gas stations in 21 states.
Gisel Ruiz, COO of Walmart USA commented, “as I travel to stores across the country, I am constantly hearing that gas prices are making it tough for our customers to balance their budgets. For every cent gas prices climb, consumers have $1 billion less to spend.”
“Over the past two years, our Great Gas Rollback has saved customers more than $100 million. This year, we’re bringing it back to help families as they hit the road to visit relatives, go on vacation, celebrate the summer holidays and every shopping trip in between.”
Wal-Mart shares were mostly flat during premarket trading Monday. The stock has increased 22% in the past year.
The Bottom Line
Shares of Wal-Mart Stores, Inc. (WMT) have a 2.51% yield, based on Thursday’s closing price of $74.83.
Wal-Mart Stores, Inc. (WMT) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.