Early Retirement Portfolio: 5 Stocks to Live Off Dividends Revisited

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

Dividend Yield as of February 14: 5.23%

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is an American company that owns retail pharmacy chains and other pharmaceutical manufacturing companies. Truist appreciated the company’s sales guidance in January and raised its price target on the stock to $42 with a Hold rating on the shares.

On January 27, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) declared a quarterly dividend of $0.48 per share, having raised it by 0.5% in July 2022. This was the company’s 47th consecutive year of dividend growth. The stock’s dividend yield on February 14 came in at 5.23%.

As of Q3 2022, 39 hedge funds tracked by Insider Monkey owned stakes in Walgreens Boots Alliance, Inc. (NASDAQ:WBA), compared with 40 in the previous quarter. These stakes are collectively worth over $712.6 million. With nearly 6 million shares, Arrowstreet Capital was the company’s leading stakeholder.