The first dividend hikes in 2024 and big Walgreens dividend cut

After a record year 2023 for dividend investors the new year 2024 has started strong with the first dividend hikes announced in January, including two companies with now 26 consecutive years of dividend growth, Bank OZK and Enterprise Products Partners. Also there was a massive dividend cut by Dividend Aristocrat Walgreens Boots Alliance.

In the new Dividend Freak Youtube video (see below) you can check the first dividend hikes for 2024 just being announced. This includes several double digit increases (Plains All American, Lennar Corporation, TD Synnex and Alamo Group) and two true Dividend Aristocrats with now 26 consecutive years of increased dividends. One of them, Bank OZK, happens to announce a dividend hike every single quarter for many years now.

Very shocking was the dividend cut announced by Walgreens Boots Alliance (WBA) with a 48% reduction in the quarterly payment to $0.25 per share. This ends decades of increased dividends by the pharmacy company. Walgreens didn't hike its dividend in 2023 and yielded more than 9%. After this dividend cut the yield stays high with almost 4%. Check the full dividend history for Walgreens in the new Dividend Freak Video shown above.

The dividend cut by Walgreens surely means that the company will be deleted from the Dividend Aristocrats Index.