Published on 15 May 2022 on Simply Wall St. via Yahoo Finance

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Passed Our Checks, And It's About To Pay A US$0.48...

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is about to go ex-dividend in just 3 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. This means that investors who purchase Walgreens Boots Alliance's shares on or after the 19th of May will not receive the dividend, which will be paid on the 10th of June.

The company's next dividend payment will be US$0.48 per share. Last year, in total, the company distributed US$1.91 to shareholders. Based on the last year's worth of payments, Walgreens Boots Alliance stock has a trailing yield of around 4.4% on the current share price of $43.55. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. As a result, readers should always check whether Walgreens Boots Alliance has been able to grow its dividends, or if the dividend might be cut.

See our latest analysis for Walgreens Boots Alliance