Want a Great Dividend Stock? Here's Why Walgreen Co. Fits the Bill

There are few things as rewarding as finding a consistent and generous-yielding dividend stock. It's for this reason that income-seeking investors have come to know and love Walgreen , the well-known chain of pharmacies.

Its attractive qualities are too numerous to list here, but there are nevertheless three that stand out. First, with a price-to-earnings ratio of 26, its stock is neither wildly under- or overpriced. Second, with a dividend yield of 1.7%, it's only slightly below the 1.9% average yield on the S&P 500. Finally, it's paid uninterrupted dividends for an impressive 38 consecutive years.

It's for these three reasons, in turn, that Motley Fool contributor John Maxfield concludes in the video below that dividend-seeking investors could do a lot worse than Walgreen when it comes to finding a worthy addition to their portfolios.

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The article Want a Great Dividend Stock? Here's Why Walgreen Co. Fits the Bill originally appeared on Fool.com.

John Maxfield has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.

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