Walgreen Declares Quarterly Dividend

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Walgreen (NYSE: WAG ) has declared its first quarterly dividend of 2013, the company detailed in an official statement. The pharmacy chain will hand out $0.275 per share, payable March 12, to shareholders of record on February 15.

Walgreen, a habitual dividend payer, matched the disbursement of its previous two quarters. Prior to that, the dividend was $0.225 per share.

According to the company's statement, with the latest payout, it has handed out a dividend in 321 consecutive quarters, or over 80 years. In the last 37 of those years, it has raised the payout. It has increased from a level of $0.38 on an annual basis (as of 2007-8) to the current $1.10.

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