Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Plans Quarterly Dividend of $0.25

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) announced a quarterly dividend on Thursday, October 24th, RTT News reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.25 per share by the pharmacy operator on Thursday, December 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.71%.

Walgreens Boots Alliance has increased its dividend by an average of 1.3% annually over the last three years. Walgreens Boots Alliance has a dividend payout ratio of 59.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Walgreens Boots Alliance to earn $1.58 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 63.3%.

Walgreens Boots Alliance Trading Down 0.1 %

Shares of WBA stock opened at $9.34 on Friday. Walgreens Boots Alliance has a 12-month low of $8.22 and a 12-month high of $27.05. The company has a market capitalization of $8.08 billion, a PE ratio of -0.93, a price-to-earnings-growth ratio of 1.24 and a beta of 0.70. The firm has a 50 day moving average price of $9.37 and a two-hundred day moving average price of $12.91. The company has a quick ratio of 0.37, a current ratio of 0.68 and a debt-to-equity ratio of 0.67.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Tuesday, October 15th. The pharmacy operator reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. Walgreens Boots Alliance had a positive return on equity of 14.23% and a negative net margin of 5.85%. The business had revenue of $37.50 billion during the quarter, compared to analysts’ expectations of $35.75 billion. During the same period last year, the firm posted $0.67 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, analysts predict that Walgreens Boots Alliance will post 1.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on WBA. TD Cowen lowered their price target on shares of Walgreens Boots Alliance from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday. Truist Financial dropped their price target on shares of Walgreens Boots Alliance from $13.00 to $10.00 and set a “hold” rating for the company in a research report on Monday, October 7th. Morgan Stanley reduced their price target on Walgreens Boots Alliance from $9.00 to $7.00 and set an “underweight” rating on the stock in a research report on Friday, October 11th. Barclays lifted their price objective on Walgreens Boots Alliance from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Wednesday, October 16th. Finally, Royal Bank of Canada reduced their target price on Walgreens Boots Alliance from $22.00 to $13.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 2nd. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.88.

Walgreens Boots Alliance Company Profile

Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.