Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Walgreens Stock
We can't say that the healthcare sector is a hotbed of high-yield dividend stocks. Yet there's Walgreens Boots Alliance (NASDAQ: WBA), with its dividend yield that sits just under 10%.
There's a catch here, though -- the pharmacy chain operator's shares have badly under-performed the benchmark S&P 500 index lately, slumping nearly 60% in price since the beginning of this year. So we have to characterize Walgreens stock as high-risk. For those willing to take a chance, here's a look at how many shares would be needed to clock an annual $1,000 in dividend payouts from the company.
Walgreens' current payout actually represents quite a reduction from previous levels. As 2024 kicked off, the company announced a dividend cut of nearly 50%, reducing its quarterly disbursement to $0.25 per share from its $0.48 predecessor.
Source Fool.com
