Down 40%, This Well-Known Company Is Paying Its Highest Dividend Yield Ever
During the 2010s, interest rates seemed trapped within a historically low range. Then the COVID pandemic pinned them at previously unimagined depths. Inflation has reversed all of that. And Wall Street is having a hard time adjusting to the old normal. That's created rare opportunities in the stock market. Some have actually never been seen before.
Rock-solid dividend payer Walgreens Boots Alliance (NASDAQ: WBA) is more than 40% from its high and could be offering a unique buying opportunity for long-term investors. Not only does it sport a massive dividend yield, but it has also consistently raised that payout for 47 consecutive years. And it has the cash -- and growth plan -- to keep it up for the foreseeable future.
As dividend histories go, Walgreens Boots Alliance has one to be proud of. Checks have gone out to its shareholders every quarter since prohibition was repealed and the Golden Gate Bridge was built. The year was 1933. That's a long time ago. I can't find any records showing the company has ever offered a higher yield than its current 6.1%. There must be a catch, right?
Source Fool.com
