To be fair, they’ve been paying ~ 2% dividend yield that whole time. Still, if your comp is mostly in stock, those dividend payments hurt versus something like a buyback.

If you check the total return price, they're actually doing better than the s&p 500.

total return for walmart: 223% (https://ycharts.com/companies/WMT/total_return_price)

total return for S&P 500: 221% (https://ycharts.com/companies/SPY/total_return_price)

the administration and process involved in setting dividends isn't very trivial either

and too often maintenance of dividend payments are placebos for lackadaisical areas of more important management responsibility

and it's too common for factions in the boardroom to be trying to serve and attract entirely different types of investors who would be better served with tracking stocks or demergers and so on

for some people any dividend unsupported by a very clear rationale is a red light but of course if you are doing in depth company analysis you may have all of this covered in your models and settlement and actions systems.

Something tells me only people who feel insecure about their pay report it to Glassdoor...

Point being, Glassdoor data is so incomplete that I don’t think you can meaningfully compare even two companies on it. Especially if they have different comp structures.

Stick with levels.fyi

https://www.levels.fyi/company/Walmart-Labs/salaries/Softwar...

While their RSUs are not at a FAANG level, the base + bonus are more than in line with top paying companies in CA.