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Data last updated: Oct 05, 2026
Snapshot (as of Oct 05, 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. 37+ consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.17%
Annual Dividend: $0.50 per share
Payout Ratio: -14.6%
Ex-Dividend Date: 2024-11-18
Dividend Frequency: quarterly
Sector: Healthcare
Years of Dividend History: 40
Walgreens Boots Alliance, Inc. dividend has been paid without interruption for 40 years, backed by a pharmacy and retail health network spanning nearly 13,000 stores across the U.S., U.K., and beyond. The current yield sits at 4.17%, placing WBA in high-yield territory for a healthcare name. Shareholders receive $0.50 per share annually in quarterly payments, with the most recent ex-dividend date on 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 -14.6% of earnings as dividends, a payout ratio classified as conservative (below 40%). A negative payout ratio reflects a period of reported losses rather than a structurally impaired dividend, and the $0.50 annual rate is supported by the company's scale as a pharmacy-led retailer with prescription drug dispensing, specialty pharmacy services, and everyday health and beauty demand across thousands of locations. Walgreens Boots Alliance, Inc. dividend safety faces pressure from the earnings weakness that produced the negative ratio, which warrants attention even if the current payout level appears low in absolute terms.
Walgreens Boots Alliance, Inc. dividend history shows a CAGR of 10.1% per year from 2009 to 2023. Per-share payments grew from $0.625 in 2010 to $1.92 in 2023 (2024 data is partial and excluded from this calculation). The smallest annual increase in the window was 0.3% in 2023, a sharp deceleration from the 28.0% peak increase recorded in 2011, and a signal that growth has effectively stalled in recent years.
| 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 yield and longevity over growth. The current yield is high (above 4%), though it sits well below the 5-year average of 14.03%, which reflects a period of significant price and earnings pressure. Thirty-seven consecutive years of dividend increases earn WBA its Dividend Aristocrat status, a streak that spans multiple economic environments. What an investor gets here is a high nominal yield and a long, unbroken increase streak. The trade-off is near-zero recent growth, a negative payout ratio signaling earnings stress, and a yield that has historically run far higher, suggesting the stock has faced sustained headwinds.
WBA is a Dividend Aristocrat with 37 consecutive years of dividend increases.
| 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 | $1.9150 |
| 2021 | $1.8900 |
| 2020 | $1.8500 |
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