Walgreen Co. Announces Quarterly Dividend of $0.32 (WAG)
Walgreen (NYSE:WAG) announced a quarterly dividend on Wednesday, October 9th, Analyst Ratings Network reports. Investors of record on Monday, November 18th will be paid a dividend of $0.315 per share on Thursday, December 12th. This represents a $1.26 annualized dividend and a dividend yield of 2.29%.
A number of analysts have recently weighed in on WAG shares. Analysts at Jefferies Group initiated coverage on shares of Walgreen in a research note to investors on Monday. They set a “hold” rating and a $62.00 price target on the stock. On the ratings front, analysts at Wolfe Research upgraded shares of Walgreen from an “underperform” rating to a “market perform” rating in a research note to investors on Monday. Finally, analysts at Raymond James raised their price target on shares of Walgreen from $55.00 to $62.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $58.74.
Shares of Walgreen (NYSE:WAG) traded up 0.27% on Wednesday, hitting $55.01. 4,812,592 shares of the company’s stock traded hands. Walgreen has a one year low of $31.88 and a one year high of $57.41. The stock’s 50-day moving average is $52.19 and its 200-day moving average is $49.66. The company has a market cap of $52.023 billion and a P/E ratio of 21.43.
Walgreen (NYSE:WAG) last posted its quarterly earnings results on Tuesday, October 1st. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.01. The company had revenue of $17.90 billion for the quarter, compared to the consensus estimate of $17.95 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts predict that Walgreen will post $3.53 earnings per share for the current fiscal year.
Walgreen Co (NYSE:WAG), together with its subsidiaries, operates the drugstore chain in the United States.
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