Will Walgreens Boots Alliance's Dividend Growth Streak End in 2024?
Walgreens Boots Alliance (NASDAQ: WBA) hasn't given investors much of a reason to invest in the business these days. Limited growth, low margins, and unprofitable quarters sum up why this has been an underperforming stock in recent years.
One thing that likely still attracts investors is the dividend. At 7.2%, Walgreens' yield is incredibly high. And the company has also been increasing it for nearly 50 straight years. But could its impressive streak of dividend growth be in danger of ending this year?
The big question dividend investors should be asking about Walgreens' payout is whether it's safe and sustainable. If it isn't, then there's little reason to invest in the stock for its dividend. After all, if you have no confidence in the quarterly dividend continuing, you may only end up setting yourself up for disappointment and stock losses down the road.
Source Fool.com
