Walgreens Boots Alliance Named “Dow Jones Highest Dividend Stock,” According to Dividend Channelwho published his last “Dividend Ranking” report. The report notes that among the constituents of the Dow Jones Industrial Average, WBA shares had both attractive valuation metrics and strong profitability metrics. For example, WBA’s recent stock price of $20.79 represents a price-to-book ratio of 0.9 and an annual dividend yield of 9.2% — in comparison, the average Dow dividend stock Jones yields 3.0% and trades at price/book value. -accounting ratio of 7.7. The report also cites Walgreens Boots Alliance Inc’s strong quarterly dividend history and favorable long-term multi-year growth rates in key fundamental data points.
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The report stated: “Dividend investors who view investing from a value perspective are typically most interested in finding the strongest, most profitable companies that also trade at an attractive valuation. This is what we aim to find by using our proprietary DividendRank formula, which ranks the coverage universe according to our different profitability and valuation criteria, to generate a list of the most “interesting” stocks, intended for investors as a source of ideas that merit further research.”
The Dow Jones Industrial Average dates back to 1896 and is one of the most followed indexes of large public companies based in the United States. Click here to see the most popular ETF tracking the Dow, and see all 30 constituents and their weightings, on ETFChannel.com »
The current annualized dividend paid by Walgreens Boots Alliance is $1.92/share, currently paid in quarterly installments, and its most recent ex-dividend date was 11/13/2023. Below is a long-term historical dividend chart for WBA, which the report highlights as being of critical importance. Indeed, studying the past of a company dividend history can be of great help in judging whether the most recent dividend is likely to be sustained.
WBA
