Walgreen’s board of directors approves quarterly dividend
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The board of directors of Walgreen Company (WAG) has approved a quarterly dividend of $0.31 per share, a 14.5% increase from the previous dividend rate of $0.27 per share, payable to shareholders of record August 20, 2013 on September 12, 2013. This increase raises the annual dividend rate from $1.10 to $1.26 per share and continues a long-lasting trend by the company for raising and paying dividends. Walgreen’s has paid dividends for over 80 years, or 323 straight quarters, and has raised its dividend for 38 consecutive years. Walgreen’s is the nation’s largest drugstore chain, serving more than six million customers daily, earning $72B in revenue in fiscal 2012.