Walgreens Increases Quarterly Dividend 14.5 Percent
July 10 2013 - 3:00PM
Business Wire
The board of directors of Walgreen Co. (NYSE: WAG)(NASDAQ: 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.
(Please note: Stock exchanges typically set the ex-dividend date
two business days before the shareholder-of-record date. This means
if you purchase stock on the ex-dividend date or after, you will
not receive the next dividend payment. If you purchase before the
ex-dividend date, you will receive the dividend.)
Statements in this release that are not historical are
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are not guarantees of future
performance and involve risks, assumptions and uncertainties,
including those described in Item 1A (Risk Factors) of our most
recent Annual Report on Form 10-K and Quarterly Report on Form
10-Q, each of which is incorporated herein by reference, and in
other documents that we file or furnish with the Securities and
Exchange Commission. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those indicated
or anticipated by such forward-looking statements. Accordingly, you
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date they are made. Except
to the extent required by law, Walgreens does not undertake, and
expressly disclaims, any duty or obligation to update publicly any
forward-looking statement after the distribution of this release,
whether as a result of new information, future events, changes in
assumptions or otherwise.
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