Walgreen Company (WAG): 1 Great Dividend You Can Buy Right Now

The best part from a shareholder’s perspective is that the dividend increases are probably going to continue without a hitch for the foreseeable future. Based on Wall Street’s projected EPS this year, Walgreen Company (NYSE:WAG) is only paying out 40% of its earnings as a dividend, which is more than sustainable and should lend to future dividend hikes from its current 2.4% yield..

One profitable prescription
If you’re looking for an intriguing way to play Obamacare, look no further than Walgreen Company (NYSE:WAG). A steady influx of newly insured patients coupled with its loyalty rewards platform and stake in Alliance Boots which gives the company access to faster growing emerging markets all make Walgreen an attractive investment opportunity. Add on 38 straight years of dividend increases and steady share buybacks, and you have what I suspect is a formula for long-term wealth appreciation.

The article 1 Great Dividend You Can Buy Right Now originally appeared on Fool.com.

Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.The Motley Fool owns shares of, and recommends, Express Scripts and WellPoint.

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