6 Undervalued Dividend Stocks Ready to Shoot Higher

We took at look at the equity universe for stocks offering solid dividend growth prospects and the opportunity for capital appreciation this year. Here are six names we think could shoot higher. Walgreen (WBA) operates thousands of drugstores across the United States. Just like a typical drugstore, Walgreen’s offers a pharmacy, general toys, cosmetics, health supplies, photo processing, food and drinks, and other miscellaneous items. WAG also owns 37 strip malls and has a market cap of $40.68 billion. Walgreen currently has an annual dividend of $0.70 and a dividend yield of 1.6%. WAG also has operating cash flow of $4.03 billion, which is a nice surplus over the $0.70 per share dividend it is currently paying. It has a payout ratio of 28% and we think WAG looks like it will continue raising dividends as it has done in the past. WAG does face heavy competitive pressures from the... Read more