Investor Peter Lynch is famous for getting investment ideas from the businesses he saw in everyday life. For many Americans, it's not uncommon to see a Walgreens Boots Alliance (NASDAQ: WBA) location (known in the U.S. as Walgreens) while driving around town. Although that fact alone wouldn't be a good reason to buy the stock, there are some exciting aspects to Walgreens' business that are worth a closer look.

For investors seeking a stable, dividend-paying business with some exciting growth initiatives in the works, Walgreens may fit the bill. But before buying shares, here are three things about the business that all smart investors know.

Investing for dividend income is a common strategy, especially for investors in or near retirement. However, not all dividend-paying stocks are good investments. It's important to find companies in good financial shape to ensure the dividend is safe, and it's nice to find companies with track records of raising their dividends.

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Source Fool.com