Walgreen Declares Quarterly Dividend

Walgreen has declared its first quarterly dividend of 2013, the company detailed in an official statement. The pharmacy chain will hand out $0.275 per share, payable March 12, to shareholders of record on February 15.

Walgreen, a habitual dividend payer, matched the disbursement of its previous two quarters. Prior to that, the dividend was $0.225 per share.

According to the company's statement, with the latest payout, it has handed out a dividend in 321 consecutive quarters, or over 80 years. In the last 37 of those years, it has raised the payout. It has increased from a level of $0.38 on an annual basis (as of 2007-8) to the current $1.10.

The article Walgreen Declares Quarterly Dividend originally appeared on Fool.com.

Eric Volkman has no position in Walgreen. The Motley Fool has no position in Walgreen. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.