WALGREENS DIVIDEND: A WALL STREET WINNER
by John G. Baresky on 05/03/20
Walgreens Boots Alliance, Inc. (Nasdaq: WBA) continues its commitment to consumers, patients, the healthcare industry and investors
The
Walgreens’ board of directors recently announced a quarterly dividend of
45.75 cents per share, unchanged from the previous quarter and an increase of 4
percent from the year-ago quarter. The dividend is payable June 12, 2020, to
stockholders of record as of May 20, 2020.
Financial performance of Walgreens is largely unmatched in the
healthcare sector
Founded in 1901, Walgreens (Walgreens Boots Alliance) have
paid a dividend in 350 straight quarters. This translates to over 87 years of
rewarding its investors. What is vastly overlooked in the healthcare commercial
sector and investing communities is Walgreens has increased their dividend for
44 consecutive years.
Walgreens well ahead of other pharmacies and retailers to embrace the COVID-19 challenge
Walgreens is one of the few pharmacy and retail store companies that was readily able to support patients from the beginning of the COVID-19 pandemic:
- Coronavirus testing expansion has now rolled out to 49 states plus Puerto Rico; the company anticipates weekly testing volume to reach 50,000
- The company has over 7,300 drive-through pharmacies so patients can conveniently pick up their prescriptions without leaving their car
- In addition to
prescriptions, more than 60 additional products
can be picked up via the drive-through pharmacy windows
- 78% of the U.S. population lives within 5 miles of a Walgreens store
- On-demand delivery service from more than 7,000 stores nationwide
- An enormous online e-commerce presence featuring thousands of products
- Launched in 2012, Walgreens immunization services is a recognized wellness leader and offers more than 20 different vaccinations for adolescent, adult, senior and travel medicine patients
