Dividends
Walgreens, the largest drugstore chain in the U.S., upped its quarterly common dividend by 27.3%. It will now stand at 17.5 cents per share; previously at 13.75 cents. This continues a remarkable streak for Walgreens. Since 1933 it has always paid dividends and for the past 35 years it has always boosted them. Over the past six years, disbursements have grown by an average compound annual rate of 24.3%. There is a reason many consider Walgreens one the most stable investments and its recording does not fail to lend credence to that notion. Net lease investors should be encouraged by these results as they testify to Walgreens continued success and ever growing popularity among net lease buyers looking for long-term steady cash flows.
Store Sales
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