By: Eli Inkrot
Different investors and consumers have come to know pharmacy and well-being company Walgreens Boots Alliance (NASDAQ:WBA) through a variety of ways.
That's because the company has transformed itself over time.
If you are based in the U.K. you might think about the Boots side, which traces its roots all the way back to 1849. By 1933, Boots already had its 1,000th store.
If you are in the U.S., then the Walgreens name - tracing its roots back to 1901 - probably catches your attention. This company invented the malted milkshake, went public in 1927 and hit $1 billion in sales by 1975. Chances are pretty good that there is a Walgreens on a corner near you.
And the Alliance side comes from Italy, tracing its roots back to pharmaceutical wholesalers founded in 1977 and 1982 before combining in 1997 as Alliance UniChem.
Ultimately Alliance merged with Boots in 2006. And finally Walgreens merged with Alliance Boots in 2012 to become today's company. It's been a long journey.
That journey has created a strong business generating significant dividend growth. Walgreens Boots Alliance currently ranks as a Top 30 dividend growth stock using The 8 Rules of Dividend Investing.
This article takes a deeper look at the investment opportunity of Walgreens Boots Alliance.
Here's what the company looks like today on a global scale: