Walgreens: A Fallen Dividend Aristocrat

Investors in Walgreens (WBA) have to be tremendously disappointed with the stock’s performance in 2010. Last year, Walgreens investors enjoyed a 49% surge in the stock price, but it’s been a very different story in 2010. WAG shares have fallen 23% this year and the stock has badly underperformed both the S&P 500 index and their peers. Dividend investors love Walgreens and the company's stock is currently a member of the exclusive S&P 500 Dividend Aristocrats (stocks increasing their dividends for at least 25 consecutive years). In fact, Walgreens has increased their dividend each year since 1977. Unfortunately, Walgreens current 1.9% dividend yield hardly makes up for the massive losses experienced this year from their falling stock price.... Read more