5 Dividend Stocks That Are Too Cheap To Ignore

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

Share Price as of October 10: $30.5

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is an American-British-Swiss holding company that owns retail pharmacy chains and several pharmaceutical companies. The company holds one of the longest dividend growth track records in the market, having raised its dividends for the past 47 years. It pays a quarterly dividend of $0.48 per share for a yield of 6.29%, as of October 10.

In the second quarter of 2022, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) reported strong cash generation. Its operating cash flow stood at over $1.6 billion, compared with $1.2 billion during the same period last year. The company generated $1.3 billion in free cash flow, up from $867 million in the prior-year quarter. It also reported a 2.4% growth in its US comparable sales during the quarter.

In October, Mizuho mentioned Walgreens Boots Alliance, Inc. (NASDAQ:WBA) and highlighted the company’s longer-term growth algorithm. In view of this, the firm maintained its neutral rating on the stock with a $36 price target.

At the end of Q2 2022, 40 hedge funds tracked by Insider Monkey owned stakes in Walgreens Boots Alliance, Inc. (NASDAQ:WBA), up from 38 in the previous quarter. These stakes have a consolidated value of roughly $600 million.