Walgreens: Yielding Over 8% Following The Earnings Drop
Walgreens Boots Alliance(WBA) Seeking Alpha·2024-07-03 05:39
peshkov And the hits just keep on comin’. Walgreens (NASDAQ:WBA) opened the year trading for $26 and change. But before earnings debuted last week, the stock was trading for a bit below $16 a share. Fast-forward a couple of days, and WBA now trades for less than $12, and has now plummeted 56% in 2024. If there is a bright side to this story, it is that the quarterly dividend now yields 8%-plus. Veteran investors may wonder if that represents a sucker yield or an opportunity to lock in a hefty source of ...