How Safe Is Walgreens Boots Alliance's Dividend?
The drugstore industry saw big changes in 2017, with Walgreens Boots Alliance (NASDAQ: WBA) finally agreeing to acquire a massive portion of Rite Aid's (NYSE: RAD) store network. Dividend investors might have been nervous about the cost of such a big asset purchase, but the potential growth from expanding its network could dwarf the roughly $4.38 billion price tag that Walgreens will have to pay under its agreement with its rival drugstore chain.
Yet Walgreens has been able to weather changing industry conditions before, and a long history of dividend payments and growth to shareholders emphasizes the commitment that Walgreens has to income investors. Let's take a closer look at Walgreens and whether its dividend remains safe even after its big acquisition.
Current Quarterly Dividend Per Share
Source: Fool.com
Walgreens Boots Alliance Inc. Stock
Currently there is a rather negative sentiment for Walgreens Boots Alliance Inc. with 3 Buy predictions and 5 Sell predictions..
On the other hand, the target price of 32 € is above the current price of 16.04 € for Walgreens Boots Alliance Inc., so the potential is actually 99.48%.
