Analysis – Walgreens Boots Alliance Inc. Increases Dividend by 4%

WBA

Walgreens Boots Alliance Incorporated announced a regular quarterly dividend of $0.375, a 4 percent increase from the prior rate of $0.36 per share. The dividend will be paid at the new higher rate on September 12, 2016, to shareholders of record at close of business on August 19, 2016.

Date Quarterly Dividend
8/19/2016 0.375
5/16/2016 0.36
2/16/2016 0.36
11/12/2015 0.36
8/17/2015 0.36
5/19/2015 0.338
2/13/2015 0.338
11/13/2014 0.338
8/19/2014 0.338
5/19/2014 0.315
2/13/2014 0.315
11/14/2013 0.315
8/16/2013 0.315
5/17/2013 0.275
2/13/2013 0.275
11/7/2012 0.275
8/15/2012 0.275
5/17/2012 0.225
2/15/2012 0.225
11/9/2011 0.225
8/17/2011 0.225
5/18/2011 0.175
2/16/2011 0.175
11/10/2010 0.175
8/17/2010 0.175
5/18/2010 0.138
2/16/2010 0.138

Analysis of Valuation of Walgreens Boots Alliance Inc. (Symbol WBA).

Walgreens is trading below its average price/sales (P/S) range.  Walgreens is trading below its average historical dividend yield.

Price 7/12/16 % Yield 5 Year Div. Growth Rate  SPS    2016 P/S Ratio 10 yr P/S Low 10 yr P/S  High 5 yr max Yield % 5 yr lowest Yield %
$81.22 1.7% 13% 114.30 0.71 0.33 1.19 3.10% 1.40%

Walgreens Boots Alliance Inc. Dividend Yield Chart (Click to enlarge)

WBA2

Explanation:  Dividend growth stocks may be valued upon historical relative price/sales and current yield analysis. Dividend stocks trading at a low historical price/sales (P/S) ratio should be viewed more highly to investors due to their depressed valuation versus other higher P/S ratio stocks.  Max P/S price target is based upon company reaching its highest historical P/S ratio.  Dividend stocks should also be viewed favorably when the current yield is above historical readings for the past 10 years. Further information on dividend investing and evaluating dividend growth candidates can be found at http://seekingalpha.com/author/timothy-mcintosh/articles

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