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Data last updated: Jun 29, 2026
Snapshot (as of Jun 29, 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% dividend yield, with a trailing annual rate of $0.50 per share paid quarterly. The next ex-dividend date is November 18, 2024. With a beta of 0.768, WBA stock moves less than the broader market, a characteristic that tends to appeal to income-focused investors who prioritize lower volatility.
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 a period where reported earnings turned negative, so the ratio itself does not confirm earnings-based coverage in the traditional sense. Walgreens Boots Alliance, Inc. dividend safety is therefore harder to assess from the payout ratio alone, since the figure is driven by negative earnings rather than a low, well-covered distribution. The most significant data-supported pressure on the dividend is that earnings have turned negative, which removes the usual earnings-coverage cushion that income investors rely on.
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 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. Growth is slow at the recent end of the range, and that limits upside for investors counting on rising income.
| 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 over growth. The current yield is high (above 4%), but it sits well below the 5-year average yield of 14.03%, which reflects how much the stock price has moved relative to the payout over that period. Twenty-four consecutive years of dividend increases is a meaningful streak, though the 0.3% increase in 2023 shows that streak has been maintained in name more than in substance recently. Negative reported earnings add a layer of uncertainty that income investors should weigh against the headline yield. The trade-off here is a high current yield from a pharmacy retail giant, offset by slowing dividend growth and an earnings picture that complicates the usual safety assessment.
| 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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