Walgreens raises quarterly dividend by 14.5%

DEERFIELD, Ill. — The board of directors of Walgreens on Wednesday increased the quarterly dividend by 14.5% to 31.5 cents per share from the previous rate of 27.5 cents per share, the company announced.

The dividend is payable Sept. 12 to shareholders of record Aug. 20. The dividend increase raises the annual rate from $1.10 per share to $1.26 per share.

Walgreens has paid a dividend in 323 straight quarters (more than 80 years) and has raised its dividend for 38 consecutive years. Over the last five years, Walgreens annual dividend has increased from 45 cents per share to $1.26 per share, resulting in a compound annual growth rate of nearly 23%.

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