Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Plans $0.25 Quarterly Dividend

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) announced a quarterly dividend on Thursday, October 24th, RTT News reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.25 per share by the pharmacy operator on Thursday, December 12th. This represents a $1.00 annualized dividend and a dividend yield of 10.71%.

Walgreens Boots Alliance has raised its dividend payment by an average of 1.3% annually over the last three years. Walgreens Boots Alliance has a payout ratio of 59.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Walgreens Boots Alliance to earn $1.58 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 63.3%.

Walgreens Boots Alliance Trading Down 0.1 %

Shares of WBA traded down $0.01 on Thursday, reaching $9.34. 19,492,920 shares of the company’s stock were exchanged, compared to its average volume of 17,320,842. Walgreens Boots Alliance has a 12 month low of $8.22 and a 12 month high of $27.05. The business has a 50 day moving average price of $9.37 and a two-hundred day moving average price of $12.91. The company has a current ratio of 0.68, a quick ratio of 0.37 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $8.08 billion, a P/E ratio of -0.93, a price-to-earnings-growth ratio of 1.24 and a beta of 0.70.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Tuesday, October 15th. The pharmacy operator reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The business had revenue of $37.50 billion during the quarter, compared to analyst estimates of $35.75 billion. Walgreens Boots Alliance had a positive return on equity of 14.23% and a negative net margin of 5.85%. Walgreens Boots Alliance’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS. Research analysts anticipate that Walgreens Boots Alliance will post 1.57 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on WBA. Jefferies Financial Group decreased their price target on shares of Walgreens Boots Alliance from $19.00 to $9.00 and set a “hold” rating on the stock in a research note on Wednesday. TD Cowen reduced their target price on shares of Walgreens Boots Alliance from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. cut their price objective on Walgreens Boots Alliance from $20.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Royal Bank of Canada decreased their price target on Walgreens Boots Alliance from $22.00 to $13.00 and set a “sector perform” rating for the company in a report on Tuesday, July 2nd. Finally, Truist Financial reduced their price target on shares of Walgreens Boots Alliance from $13.00 to $10.00 and set a “hold” rating for the company in a report on Monday, October 7th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.88.

Walgreens Boots Alliance Company Profile

Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.