No. of Recommendations: 1
I don't own Walgreen, but I see the yield is up to 3%. This is a Dividend Champion that recently raised its quarterly dividend to $.275/sh.

The stock price has gone essentially nowhere over the last decade while the dividend has increased from $.036 to the current $.275. That's more than 7x growth over the period. Based on free cash flow for the fiscal year just ended, the payout ratio is only around 30%, so it would appear that there is plenty of room to continue to raise the dividend in the future.

The stock currently trades at a much more reasonable multiple than it did a decade ago, so there might be some decent room for capital appreciation along with dividend growth, if WAG executes well.

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