5 Best Dogs of the Dow to Invest In

1. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Dividend Yield as of August 22: 5.02%

Walgreens Boots Alliance, Inc. (NASDAQ:WBA), an Illinois-based pharmaceutical company, hiked its quarterly dividend by 0.5% in July to $0.48 per share. This marked the company’s 47th consecutive year of dividend growth. As of August 22, the stock’s dividend yield stood at 5.02%.

In fiscal Q3 2022, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) reported net cash provided by operating activities of $1.6 billion and its free cash flow stood at $1.3 billion. The company’s cash position also remained stable, reporting nearly $2.3 billion in cash and cash equivalents and $18.8 billion in total assets.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) was a popular stock among elite funds in Q2 2022, as 40 hedge funds in Insider Monkey’s database owned stakes in the company, up from 38 in the previous quarter. These stakes have a total value of nearly $600 million.

Miller Howard Investments mentioned Walgreens Boots Alliance, Inc. (NASDAQ:WBA) in its Q3 2021 investor letter. Here is what the firm had to say:

“While optimistic about a recovery, we continue to balance our cyclical holdings with dividend-payers in stable, less economically-sensitive industries. We took a position in Walgreens (WBA) based on its low valuation, high dividend yield, and stable business model.”

You can also take a look at 10 Large-Cap Dividend Stocks with Over 5% Yield and 10 Small-Cap Stocks that Pay Dividends

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