Walgreens Boots boosts its quarterly dividend 4.2%


Walgreens Boots Alliance, Inc. said Wednesday its investors will see a 4.2% rise in their next quarterly dividend.

The retailer’s board of directors declared a quarterly dividend of 37.5 cents a share. The decision raises the company’s annual rate to $1.50 a share from $1.44.


The Deerfield, Ill., company and its predecessor Walgreen Co. have boosted their quarterly dividend yearly for 41 years, though the dividend’s year-over-year percentage increase was almost halved to 7.1% in 2014 and fell again last year to 6.7%. This year, investors will see a 1.5-cent uptick.

Walgreens Boots said the new dividend is payable on Sept. 12 to those who own stock as of Aug. 19.

Walgreens Boots Alliance was formed at the end of 2014 as Walgreen Co. merged with European drugstore giant Alliance Boots. Last week, Walgreens reported its profit had slipped 15% to $1.1 billion in its most-recent quarter, citing uncertainty in the U.K., where the Boots drugstore chain is located, as a main reason.
Walgreens Boots in June formally ended its pact with Theranos Inc. to put blood-testing centers in its drugstores after some officials—who had gotten word that Theranos had corrected tens of thousands of blood tests, including some collected from patients at Walgreens’s pharmacies—became frustrated at a lack of details and documentation from the blood-testing company.

Walgreens stock is down 14% over the past 12 months. Shares were up 0.6% to $81.73 in afternoon trading.

Fuente: The Wall Street Journal.

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