Is Walgreens Stock a Buy?
There are several important investing lessons that can be drawn from the past few months. One is that it's always wise to pad your investments with reliable dividend stocks that offer an added layer of protection to your portfolio during the unexpected twists and turns in the market. While finding solid dividend investing prospects seems more challenging at the moment with companies cutting dividends right and left, opportunities still remain for long-term investors.
Walgreens Boots Alliance (NASDAQ: WBA) is a household-name dividend stock that has had its share of ups and downs this year. To be fair, very few companies have evaded the sharp volatility of the coronavirus stock market. The pharmacy stock is currently trading 16% above its lowest price over the trailing 12 months, and roughly 34% below its 52-week high. Shares are down approximately 28% year to date. Here's what you need to know before you scoop up Walgreens stock.
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Source Fool.com
