Dividends
Walgreens, the largest drugstore chain in the U.S., upped itsquarterly common dividend by 27.3%. It will now stand at 17.5 centsper share; previously at 13.75 cents. This continues a remarkablestreak for Walgreens. Since 1933 it has always paid dividends andfor the past 35 years it has always boosted them. Over the past sixyears, disbursements have grown by an average compound annual rateof 24.3%. There is a reason many consider Walgreens one the moststable investments and its recording does not fail to lend credenceto that notion. Net lease investors should be encouraged by theseresults as they testify to Walgreens continued success and evergrowing popularity among net lease buyers looking for long-termsteady cash flows.
Store Sales
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Jonathan Hipp
Jonathan Hipp began his career in real estate over 25 years ago. In his early years as a broker, he ventured into the net lease industry and quickly began leading the US net lease market, closing over $3 billion in transactions. In 2005, Jon founded Calkain Companies, a company focused solely on net lease investment services. As President and CEO, he has been instrumental in building the firm into one of the leading Net Lease real estate companies, transacting over $12 billion of net lease deal volume over the past 13 years. He has expanded Calkain’s services to include brokerage, advisory, asset management, capital markets, and industry research. He has become a well-known resource, panelist, and speaker at various Net Lease and Industry conferences and is a regular contributor to GlobeSt.com on real estate trends. In June 2015, Jon’s passion for the real estate business was again recognized as he was nominated for the Top Real Estate Player in the DC area by SmartCEO magazine.
