Walgreens Boots Alliance Inc (NASDAQ:WBA), a prominent player in the Grocery & Drug Stores sector and a noted figure within the Consumer Staples Distribution & Retail industry according to InvestingPro Tips, has been recognized for its exceptional "DividendRank" statistics, according to a recent report. The firm has been included in the "S.A.F.E. 25" list by Dividend Channel due to its noteworthy 8.6% yield and consistent dividend growth over the past two decades. The company's ability to maintain its dividend payments for 53 consecutive years, as highlighted by InvestingPro Tips, is a testament to its financial durability.
The company's long-term dividend history provides a reliable snapshot of its enduring financial strength. WBA continues to distribute an annualized dividend of $1.92 per share, demonstrating its financial resilience amidst competition from other sector players such as Sysco Corp (NYSE:SYY) and Albertsons (NYSE:ACI) Companies Inc. This resilience is even more commendable considering the company operates with a significant debt burden, as noted by InvestingPro Tips.
In addition to its individual performance, WBA plays a significant role in the broader market. The firm is embedded in the iShares S&P 1500 Index ETF (NYSEARCA:ITOT) and holds a significant stake in the SPDR S&P Dividend ETF (NYSEARCA:SDY). This positioning further underscores the firm's stability and its contribution to overall market performance.
InvestingPro's real-time metrics offer a deeper insight into the company's financials. With a market capitalization of 19.5B USD and a revenue of 136.11B USD as of LTM2023.Q3, WBA's size and scope in the market are evident. The company's P/E ratio stands at -5.82, indicating potential value for investors. However, it's worth noting that the company's stock has taken a significant hit over the last six months, with a 6-month price total return of -34.66%, as per InvestingPro data.
Investors looking for further insights and tips on companies like WBA can find them on InvestingPro. The platform offers numerous additional tips, providing a comprehensive tool for making informed investment decisions.
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