Thursday, July 12, 2007

Walgreen raises dividend for 32nd consecutive year

Walgreen today increased the quarterly dividend 22.6 % to 9.5 cents per share from the previous rate of 7.75 cents per share.

The dividend increase raises the annual rate from 31 cents per share to 38 cents per share.

Walgreen has paid a dividend in 299 straight quarters (more than 74 years) and has raised its dividend for 32 consecutive years.

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