Walgreen Company (WAG) Raises Quarterly Dividend 14.5% to $0.315; 2.6% Yield

Walgreen Company (NYSE: WAG) declared a quarterly dividend of $0.315 per share, or $1.26 annualized. This is a 14.5% increase from the prior dividend of $0.275.

The dividend will be payable on September 12, 2013, to stockholders of record on August 20, 2013, with an ex-dividend date of August 16, 2013.

The annual yield on the dividend is 2.6 percent.

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.

For a dividend history and other dividend-related data on Walgreen Company (WAG) click here.

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