5 Safe Dividend Stocks for 2022

In this article, we will discuss the 5 safe dividend stocks to buy in 2022. If you want to read our comprehensive analysis of  dividend stocks, go directly to 10 Safe Dividend Stocks for 2022.

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

Number of Hedge Fund Holders: 37

Dividend Yield: 3.55% (as of January 4)

No. of Years of Consecutive Dividend Increase: 6

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is a pharmacy-led health and beauty retail chain, with almost 9000 retail drugstores in the United States, and 4000 stores in 8 other countries. The firm has raised its dividend payout for 46 consecutive years, and has seen its share price rise since the sale of its Alliance Healthcare Business in late 2020. Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is investing heavily towards growth and expansion.

The retail giant posted an EPS of $1.17 for the third quarter, beating estimates by $0.15. Walgreens Boots Alliance, Inc. (NASDAQ:WBA) raked in $34.26 billion in quarterly revenue, outperforming estimates by $869.13 million.

On October 15, Truist analyst David MacDonald raised the firm’s price target on Walgreens Boots Alliance, Inc. (NASDAQ:WBA) to $56 from $52, reiterating a ‘Hold’ rating on the company shares. The analyst cites the company’s strategic initiative into healthcare with the launch of Walgreens Health segment as a positive catalyst, and notes that its investments into key areas should drive long-term growth.

37 hedge funds were long Walgreens Boots Alliance, Inc. (NASDAQ:WBA) at the end of the third quarter. In comparison, 41 hedge funds were bullish on the company stock a quarter ago.