Core Insights - October 1 marks the 55th anniversary of Walmart's initial public offering, with shares initially priced at $16.50 and currently valued at $87.77, reflecting a 532% increase from the IPO price [1] - An investment of $1,000 made in 1970 would now be worth approximately $38,438,092.80 due to stock splits, which increased the number of shares from 60 to 368,640 [2] - Walmart has executed 11 stock splits, primarily doubling the number of shares, which has significantly enhanced investor returns while maintaining the total dollar value of shares [3] Stock Splits and Returns - Each stock split has either doubled or tripled the number of shares, leading to a decrease in share price but an increase in overall returns for investors [3] - An example illustrates that an initial investment of $990 would have grown to a staggering return of 3,882,535% over 55 years, with the current stock value at $104.27 [4] Dividends - Walmart has consistently increased its annual dividend for 52 years, with the current dividend set at $0.94 for the fiscal year 2026, adding to the overall value of long-term investments [5]

Future Development - The system's role will expand to support more complex equity corporate actions onchain [1] - This includes enabling events such as stock splits to be recorded and attested to across market participants [1] - The solution lays the foundation for automated corporate actions processing across major asset classes and jurisdictions [1] Industry Impact - The initiative is well-positioned to support a more integrated and efficient post-trade ecosystem [2] - Standardized data, trusted workflows, and cross-system interoperability are in place [2]

Investment & Tax Implications - The document explains how to calculate cost basis for investments [1] - It also covers adjustments for stock splits and dividends [1] - The document provides understanding of tax implications related to cost basis [1] Practical Application - The document uses practical examples to illustrate the concepts [1]