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Walgreens will increase quarterly dividend by 4%

Sarah Toy

Walgreens Boots Alliance Inc. announced Wednesday that it would be increasing its quarterly dividend by 4% to 45.75 cents per share. The new dividend will be payable on September 12 to investors who own the stock as of August 20. This will be the forty-fourth consecutive year the company has increased its dividend. Shares of Walgreens have fallen 18.6% in the year to date, while the S&P 500 has gained 19.4%.