5 Best Dividend Aristocrats to Buy for 2022

In this article, we discuss 5 best dividend aristocrats to buy for 2022. If you want our detailed analysis of these stocks, go directly to 10 Best Dividend Aristocrats to Buy for 2022.

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

Dividend Yield as of January 14: 3.52%

Number of Hedge Fund Holders: 37

Number of Years of Dividend Increases: 46

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) owns retail pharmacy chains, pharmaceutical distribution networks, and pharmaceutical manufacturing companies.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) announced on January 6 its financial results for the fourth quarter of 2021. The company reported earnings per share of $1.68, beating estimates by $0.34. Revenue over the period totaled $33.90 billion, surpassing consensus estimates by $946.75 million. 

On October 20, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) declared a quarterly dividend per share of $0.4775, in line with previous. The dividend was paid on December 10. As of January 14, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) offers a dividend yield of 3.52%, making it one of the top dividend aristocrats to purchase for 2022. 

Mizuho analyst Ann Hynes raised the price target on Walgreens Boots Alliance, Inc. (NASDAQ:WBA) to $56 from $51 and kept a Neutral rating on the shares on January 10. The analyst credited an increased outlook of COVID-19 testing and vaccine rollout for the raised price target.

Of the 37 hedge funds that were bullish on Walgreens Boots Alliance, Inc. (NASDAQ:WBA) in the third quarter of 2021, Stephen Dubois’ Camber Capital Management is the biggest stakeholder of the company, owning 4 million shares worth $188.2 million.

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

“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.”