Dependable Dividend Stocks: Walgreen (WAG)
Dividend Yield: 2.1%
YTD Gain: 12%
Like FRT stock, the 2.1% dividend yield from Walgreen (WAG) stock isn’t going to light your world on fire. But — again — you can have confidence that WAG stock is good for the payouts, as well as raising them, which is equally important. When a stock goes up and a company hikes its dividend, the dividend yield on your own cost basis can get quite rich, indeed.
WAG stock is off to a hot start, with a gain of 12% for the year-to-date. That’s due partly to strong January results. WAG said monthly sales rose 3.7% year-over-year to reach $6.39 billion in the month. Comparable-store sales increased 2.9%.
Those numbers are an encouraging way to begin 2014 and make Walgreen one of the top dividend stocks to consider this year.
As of this writing, Dan Burrows did not hold a position in any of the aforementioned securities.