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Data last updated: Aug 31, 2026
Snapshot (as of Aug 31, 2026): Walgreens Boots Alliance, Inc. (WBA) pays a $0.50 annual dividend ($0.13 quarterly), yielding 4.17% at $11.98/share. Next ex-dividend date 2024-11-18. 24 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.17%
Annual Dividend: $0.50 per share
Payout Ratio: -7.1%
Ex-Dividend Date: 2024-11-18
Dividend Frequency: quarterly
Sector: Healthcare
Years of Dividend History: 40
Walgreens Boots Alliance, Inc. dividend comes from one of the largest pharmacy-led retail networks in the world, spanning nearly 9,000 U.S. drugstores under the Walgreens and Duane Reade banners, plus over 4,000 international locations under brands like Boots. WBA currently pays a 4.17% yield, placing it firmly in high-yield territory. The trailing annual dividend rate is $0.50 per share, paid quarterly, with the most recent ex-dividend date of November 18, 2024. A beta of 0.768 means WBA stock moves less than the broader market, which suits income investors who prioritize lower volatility over aggressive growth.
Walgreens Boots Alliance, Inc. pays out -7.1% of earnings as dividends, a payout ratio classified as conservative (below 40%). A negative payout ratio reflects negative reported earnings rather than an absence of cash generation, so the ratio alone does not confirm Walgreens Boots Alliance, Inc. dividend safety in the traditional sense. The most significant data-supported pressure point is that earnings have turned negative, which means the current $0.50 annual dividend rate is not covered by reported profits as of the available data.
Walgreens Boots Alliance, Inc. dividend history shows a CAGR of 10.1% per year from 2009 to 2023. Per-share payments grew from $0.50 to $1.92 over that window, a nearly fourfold increase across 14 complete years (2024 data is partial and excluded from the CAGR calculation). Growth has slowed sharply at the end of the period: the smallest annual increase in the window was 0.3% in 2023, compared to a peak single-year jump of 28.0% back in 2011.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -19.1% | $1.89 (2021) | $1.00 (2024) |
| 5-Year | -11.0% | $1.79 (2019) | $1.00 (2024) |
| 10-Year | -2.6% | $1.30 (2014) | $1.00 (2024) |
WBA fits dividend investors who prioritize a high current yield from a large, pharmacy-anchored retail business. The yield of 4.17% is high (above 4%), but it sits well below the 5-year average yield of 14.03%, which reflects how dramatically the stock's price and dividend have shifted over that period. Growth has effectively stalled, with the 2023 increase coming in at just 0.3%. What an investor gets here is a meaningful income rate from a globally recognized pharmacy network. The trade-off is that negative reported earnings raise real questions about how long the current payout level can be sustained without improvement in the underlying business.
| Payment Date | Amount per Share |
|---|---|
| 2024-11-18 | $0.2500 |
| 2024-08-21 | $0.2500 |
| 2024-05-20 | $0.2500 |
| 2024-02-16 | $0.2500 |
| 2023-11-13 | $0.4800 |
| 2023-08-18 | $0.4800 |
| 2023-05-18 | $0.4800 |
| 2023-02-15 | $0.4800 |
| 2022-11-14 | $0.4800 |
| 2022-08-18 | $0.4800 |
| Year | Total Dividends |
|---|---|
| 2024 | $1.0000 |
| 2023 | $1.9200 |
| 2022 | $1.9145 |
| 2021 | $1.8890 |
| 2020 | $1.8500 |
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