Walgreens Boots Alliance increases dividend for 40th consecutive year

Walgreens Boots Alliance will increase its dividend by 6.7%.

The quarterly dividend will be raised to $0.36 per share, marking 40 years of consecutive dividend increases for Dividend Aristocrat Walgreens Boots Alliance.

The company announced today a 6.7 percent increase to its quarterly dividend to 36 cents per share. The increased dividend was declared by the board of directors on 8 July 2015, is payable 11 September 2015 to stockholders of record 19 August 2015, and raises the annual rate from $1.35 per share to $1.44 per share. This marks the 40th consecutive year Walgreens Boots Alliance or its predecessor company, Walgreen Co., has raised the dividend. The company remains committed to a long-term dividend payout ratio target of 30-35 percent.

Source: Walgreens Boots Alliance