Walgreens Declares Regular Quarterly Dividend
DEERFIELD, Ill. -- April 10, 2013
The board of directors of Walgreen Co. (NYSE: WAG) (Nasdaq: WAG) today
declared a regular quarterly dividend of 27.5 cents per share, a 22.2 percent
increase over the year ago dividend. The dividend is payable June 12, 2013, to
shareholders of record May 21, 2013.
Walgreens has paid a dividend in 322 straight quarters (more than 80 years)
and has raised its dividend for 37 consecutive years. Over the last five
years, Walgreens annual dividend rate has increased from 38 cents per share to
$1.10 per share, resulting in a compound annual growth rate of nearly 24
As the nation's largest drugstore chain with fiscal 2012 sales of $72 billion,
Walgreens (www.walgreens.com) vision is to become America’s first choice for
health and daily living. Each day, Walgreens provides more than 6 million
customers the most convenient, multichannel access to consumer goods and
services and trusted, cost-effective pharmacy, health and wellness services
and advice in communities across America. Walgreens scope of pharmacy services
includes retail, specialty, infusion, medical facility and mail service, along
with respiratory services. These services improve health outcomes and lower
costs for payers including employers, managed care organizations, health
systems, pharmacy benefit managers and the public sector. The company operates
8,077 drugstores in all 50 states, the District of Columbia and Puerto Rico.
Take Care Health Systems is a Walgreens subsidiary that is the largest and
most comprehensive manager of worksite health and wellness centers and
in-store convenient care clinics, with more than 700 locations throughout the
(Please note: Stock exchanges typically set the ex-dividend date two business
days before the shareholder-of-record date. This means if you purchase stock
on the ex-dividend date or after, you will not receive the next dividend
payment. If you purchase before the ex-dividend date, you will receive the
Statements in this release that are not historical are forward-looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking statements are
not guarantees of future performance and involve risks, assumptions and
uncertainties, including those described in Item 1A (Risk Factors) of our most
recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as
amended, each of which is incorporated herein by reference and in other
documents that we file or furnish with the Securities and Exchange Commission.
Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially
from those indicated or anticipated by such forward-looking statements.
Accordingly, you are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date they are made.
Except to the extent required by law, Walgreens does not undertake, and
expressly disclaims, any duty or obligation to update publicly any
forward-looking statement after the distribution of this release, whether as a
result of new information, future events, changes in assumptions or otherwise.
Jim Graham, 847-315-2925
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