Walgreens announces dividend increase to $0.48 quarterly in 2022

WBA 2022 dividend hike

Dividend Aristocrat Walgreens Boots Alliance
(ticker symbol WBA) will increase its dividend by 0.5 percent, marking the 47th consecutive year of dividend increases. It's the smallest dividend hike by WBA in decades. Last year WBA announced a 2.1 percent dividend increase.

On July 13, 2022, Walgreens Boots Alliance, Inc. announced that its board of directors has declared a quarterly dividend of 48 cents per share, an increase of 0.5 percent. 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. The 2022 dividend hike just announced however is the smallest in decades by Walgreens. A new annual dividend rate of $1.92 per share yields 5% to WBA stockholders at a share price of $38.60. 

WBA last hiked by double digits in 2012 (source: dividendhike.com)

Above we have shown the annual dividend increase for Walgreens Boots Alliance based on data from dividendhike.com.  Back in 2018 WBA last announced a double digit dividend hike. Dividend growth has been slowing since with a record low 0.5% increase last week.

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. WBA is a Dividend Aristocrat with more than 25 years of dividend growth.

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