Walgreens Boots Alliance hikes dividend by 0.5%

Dividend Aristocrat Walgreens Boots Alliance Inc. (WBA) on July 13, 2022 announced a 0.5% dividend increase to 48 cents quarterly per share. This will mark the 47th consecutive year of dividend increases. At a stock price of $38 the new dividend yield for WBA is 5.0%.

The increased dividend is payable Sept. 9, 2022, to stockholders of record as of Aug. 19, 2022, and raises the annual rate from $1.91 per share to $1.92 per share. Walgreens Boots Alliance and its predecessor company, Walgreen Co., have paid a dividend in 359 straight quarters (more than 89 years) and have raised the dividend for 47 consecutive years.

Walgreens Boots Alliance is a global, pharmacy-led health and wellbeing enterprise. The company is the largest retail pharmacy, health and daily living destination across the U.S. and Europe. Walgreens is a global leader in pharmacy-led, health and wellbeing retail and one of the largest global pharmaceutical wholesale and distribution networks, with its distribution centers delivering to pharmacies, doctors, health centers and hospitalsIn addition, Walgreens is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products. The company’s portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as increasingly global health and beauty product brands, such as No7, Soap & Glory, Liz Earle, Sleek MakeUP and Botanics.