Walgreens Boots: generous payout after a solid Q3

(CercleFinance.com) - On publishing solid Q3 2017-18 results, Walgreens Boots Alliance has announced a 10% increase in its quarterly dividend to 44 cents per share, as well as a share repurchase program amounting to ten billion dollars.


The drugstore chain saw its quarterly adjusted EPS increase by 15% to 1.53 dollar, five cents above the consensus, with revenues up 14% to 34.3 billion dollars (+18% excluding FX factors).

Therefore, the Deerfield (Illinois)-based group has raised the lower end of its adjusted EPS range for the current fiscal year by five cents, now targeting 5.90 dollars to 6.05 dollars.


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