Walgreens Boots Alliance, Inc. (WBA), a dependable dividend payer, has its WBA stock ( NASDAQ:WBA ) down by more than 40% from its peak and may be a once-in-a-lifetime opportunity for long-term investors.
It not only offers a large dividend yield, but it has also grown its payment for 47 consecutive years. And it has the cash and a growth strategy to keep it going for the foreseeable future.
WBA Stock: The Highest Dividend Yield Ever Recorded
Walgreens Boots Alliance has an impressive dividend history . Since prohibition was ended and the Golden Gate Bridge was erected, checks have been sent to its stockholders every quarter. It was the year 1933. That was a very long time ago. I can’t discover any evidence that the firm has ever given a yield greater than its current 6.1%. Isn’t there some catch?
WBA Stock: A safety buffer to preserve the payment
Many high-yielding stocks are flawed in some way. Some investors are already anticipating a dividend decrease. Because dividends are not assured, the yield is useless. Others’ businesses are contracting. The only way to keep shareholders involved is to distribute all earnings to them.
Walgreens seemed to have no trouble paying the payments. It only distributes around half of its free cash flow as dividends. Recent growth figures do not bode well. Sales for the nine months ending in May were little more than $100 billion, representing a 2% increase over 2021. However, the most recent quarters are being compared to the peak of the COVID vaccination. Analysts predict flat revenues this year and a 1.4% increase next year with a neutral rating ...
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