CVS Health vs. Walgreens Boots Alliance: Which Is the Better Dividend Stock to Own?
Walgreens Boots Alliance (NASDAQ: WBA) and CVS Health (NYSE: CVS) are two stocks that offer attractive, above-average yields. Walgreens' yield of 8.6% is particularly appealing as it can give investors some mouthwatering dividend income without requiring a huge investment. CVS, meanwhile, may have more growth potential given some recent acquisitions, and that could lead to some sizable dividend increases in the future.
Which stock is a better option for dividend investors? Let's compare.
Walgreens stock yields 8.6%, and that is massive when you consider that the S&P 500's payout is less than 1.6%. To collect a $1,000 dividend, you would only need to invest approximately $11,600 in Walgreens stock. The pharmacy retailer has also been a stable dividend investment over the years. It has increased its payout for decades, and it has made payments consistently for over 90 years.
Source Fool.com
