WAG announced 08/05 a quarterly dividend increase from $0.315 to $0.3375 per share that’s payable Sept. 12, 2014 to holders of record as of August 21, 2014. This is a 7.1% increase. WAG has been on a run since the Express Scripts fiasco in 2012 when I picked up shares. Walgreen’s said recently they wouldn’t relocate their headquarters and shares were punished over 12%. Even still, I’m up over 100% from my cost basis. My only dilemma now is that I think the share price is still a little expensive with shares yielding just 2.1%. Currently I plan to just hold unless shares drop to a P/E under 20.
Since I own 68 shares this will increase my yearly dividends by $6.12. This is the 27th stock in my portfolio to increase their dividend this year.
You can find all of my dividend increase announcements here.