5 Risk-Free Dividend Stocks to Buy Amid Rising Economic Uncertainty

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

With a PE ratio of 6.07 and its stock down 20% over the last 12 months, Walgreens can be a solid choice for both long-term investors and those looking for regular dividends. The company has increased its dividend for 46 years in a row. It has a dividend yield of 4%.

As of the end of the fourth quarter of 2022, 42 hedge funds tracked by Insider Monkey had stakes in Walgreens. One of the leading stakeholders in the company was Stephen Dubois’ Camber Capital Management, with a $182 million stake.