the moneygardener darling, Walgreen Co. (WAG) increased their quarterly dividend 18% to 11.25 cents per share from the previous rate of 9.5 cents per share. The dividend increase raises the annual rate from 38 cents per share to 45 cents per share. Walgreen has paid a dividend in 303 straight quarters (more than 75 years) and has raised its dividend for 34 consecutive years. Walgreen shares make up about 8% of my non-registered portfolio, so needless to say I appreciate the healthy raise.
Last year in July WAG increased their dividend by about 23%.