Dividend Champions List Ranked By Yield: Top 10

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

Dividend Yield as of December 20: 4.88%

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is an American multinational company that owns retail pharmacy chains and other manufacturing companies. In December, Mizuho raised its price target on the stock to $41 with a Neutral rating on the shares. The firm mentioned that drug distributors’ earnings are expected to remain stable and presented an improved outlook for the sector.

In fiscal Q4 2022, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) remained committed to its shareholder obligation as it returned $1.6 billion in dividends. The company reported an operating cash flow of $85 million in Q3.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA), one of the best dividend stocks, has raised its dividends for 47 years in a row. It currently pays a quarterly dividend of $0.48 per share and has a dividend yield of 4.88%, as of December 20.

As of the end of the September quarter, 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.