5 NASDAQ-100 Stocks that Pay Dividends

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

Number of Hedge Fund Holders: 42

Dividend Yield as of April 25: 4.25%

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is an Illinois-based holding company that operates in the retail and pharmaceuticals industries. Walgreens Boots Alliance, Inc. (NASDAQ:WBA) has a history of increasing dividends consistently for the last 46 years. 

On April 12, Cowen analyst Charles Ryhee maintained an Outperform rating on Walgreens Boots Alliance, Inc. (NASDAQ:WBA)  but lowered the firm’s price target on the shares to $50 from $55. The analyst updated his model after commentary on Q2 results. His long-term thesis for Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is playing out but the analyst observed that the near-term macro environment is a headwind.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) on January 27 declared a $0.4775 per share quarterly dividend, in line with previous. The dividend was distributed on March 11, to shareholders of the company as of February 18. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)’s dividend yield on April 25 stood at 4.25%. 

Among the hedge funds tracked by Insider Monkey in Q4 2021, 42 hedge funds were long Walgreens Boots Alliance, Inc. (NASDAQ:WBA), compared to 37 funds in the earlier quarter. Stephen Dubois’ Camber Capital Management is the biggest shareholder of the company, with a position worth $182.56 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.”