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%.
3 comments:
Hey Moneygardener:
I've been reading the blog for a while and enjoy it.
I was hoping you'd like to add my new blog as a link. Check it out at www.nocommunism.ca.
Thanks!
Hey nelson, thanks for stopping by. I will have to check out your blog. Sounds like Canadian Capitalist's illegitimate cousin. I liked your post on MCM.
this is great - I was just beginning to watch Walgreens, too.
Being a dividend investor pays even in tough bear markets...
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