Today, Walgreen (NYSE:WAG) announced an 18.4% increase in the company's quarterly dividend. The new quarterly dividend equals 11.25 cents per share versus 9.5 cents per share in the same quarter last year. The projected payout ratio equals 18% based on estimated August 2009 earnings of $2.48. The 5-year average payout ratio equals 15%. The company is one of Standard & Poor's Dividend Aristocrats and carries an S&P Quality Ranking of A+.
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