WAG boosts dividend payout by 14.5%
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DEERFIELD, Ill.--(BUSINESS WIRE)--
The board of directors of Walgreen Co. ( WAG)( WAG) today increased the quarterly dividend 14.5 percent to 31.5 cents per share from the previous rate of 27.5 cents per share. The dividend is payable Sept. 12, 2013, to shareholders of record Aug. 20, 2013. 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 percent.
About Walgreens
As the nation's largest drugstore chain with fiscal 2012 sales of $72 billion, Walgreens ( www.walgreens.com) vision is to become America’s first choice for health and daily living. Each day, Walgreens provides more than 6 million customers the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice in communities across America. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with respiratory services. These services improve health outcomes and lower costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers and the public sector. The company operates 8,098 drugstores in all 50 states, the District of Columbia and Puerto Rico. Take Care Health Systems is a Walgreens subsidiary that is the largest and most comprehensive manager of worksite health and wellness centers and in-store convenient care clinics, with more than 700 locations throughout the country.
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