Walgreens Boots Alliance raises dividend for 43rd consecutive year

Dividend Aristocrat Walgreens Boots Alliance will increase its dividend by 10 percent, marking the 43rd consecutive year of dividend increases.

WBA will hike its quarterly dividend to 44 cents per share. The next dividend is payable 12 September 2018 to stockholders of record as of 20 August 2018, and raises the annual rate from $1.60 per share to $1.76 per share. This marks the 43(rd) consecutive year that Walgreens Boots Alliance and its predecessor company, Walgreen Co., have raised the dividend.

Executive Vice President and Global Chief Financial Officer James Kehoe said, “Our new $10 billion share repurchase program demonstrates our commitment to return cash to stockholders in the form of dividends and share repurchases over the long term.”

The new dividend yield for Walgreens is 3.0%. Last year the dividend aristocrat hiked its dividend by 6.7 percent.

Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health and wellbeing enterprise. The Company's portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as global health and beauty product brands, including No7, Botanics, Liz Earle and Soap & Glory.

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