Dividend Aristocrat Walgreens Boots Alliance Inc. (WBA) will raise its quarterly dividend by 2.1 percent to $0.4775 per share in 2021. This follows a 2.2 percent increase to $0.4675 per share announced in 2020 and will mark the 46th consecutive year of dividend increases.

The next dividend is payable September 10, 2021 to stockholders of record as of August 20, 2021. A new annual rate of $1.91 per share yields 4.1% at a stock price of $47. This new hike just announced is the smallest in more than a decade. Walgreens will now pay an estimated $1.6 billion in dividends to shareholders annually.

Walgreens Boots Alliance is a global, pharmacy-led health and wellbeing enterprise. The company is the largest retail pharmacy, health and daily living destination across the U.S. and Europe. Walgreens is a global leader in pharmacy-led, health and wellbeing retail and one of the largest global pharmaceutical wholesale and distribution networks, with its distribution centers delivering to pharmacies, doctors, health centers and hospitalsIn addition, Walgreens is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products. The company’s portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as increasingly global health and beauty product brands, such as No7, Soap & Glory, Liz Earle, Sleek MakeUP and Botanics.