Dividend Stock Analysis: Walgreen Company
By Dividend Growth Investor:Walgreen Co. (WAG), together with its subsidiaries, engages in the operation of a chain of drugstores in the United States. The company’s drugstores sell prescription and non-prescription drugs, and general merchandise. Walgreen is a dividend aristocrat which has paid uninterrupted dividends on its common stock since 1933 and increased payments to common shareholders every year for 36 years.The most recent dividend increase was in July 2011, when the Board of Directors approved a 28.60% increase in the quarterly dividend to 22.50 cents/share. Walgreen’s largest competitors include Wal-Mart (WMT), CVS Caremark (CVS) and Rite-Aid (RAD).Over the past decade this dividend growth stock has delivered an annualized total return of 1.40% to its shareholders. Click on all charts to enlarge:
The company has managed to deliver a 10.50% annual increase in EPS since 2001. Analysts expect Walgreen to earn $2.62 per share in 2011 and $2.99 per share in 2012.Complete Story »
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