Want a Great Dividend Stock? Here’s Why Walgreen Co. Fits the Bill

There are few things as rewarding as finding a consistent and generous-yielding dividend stock. It's for this reason that income-seeking investors have come to know and love Walgreen (NYSE: WAG  ) , the well-known chain of pharmacies.

Its attractive qualities are too numerous to list here, but there are nevertheless three that stand out. First, with a price-to-earnings ratio of 26, its stock is neither wildly under- or overpriced. Second, with a dividend yield of 1.7%, it's only slightly below the 1.9% average yield on the S&P 500. Finally, it's paid uninterrupted dividends for an impressive 38 consecutive years.

It's for these three reasons, in turn, that Motley Fool contributor John Maxfield concludes in the video below that dividend-seeking investors could do a lot worse than Walgreen when it comes to finding a worthy addition to their portfolios.

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