First thing Tuesday morning, Walgreens Boots Alliance Inc. (NYSE: WBA), a Dow Jones industrial average component, will report its fiscal third-quarter results.
Walgreens was one of 2023’s Dogs of the Dow, the 10 stocks that paid the best dividend yield at the end of December 2022. The stock has lost 21.2% from its share price over the past 12 months. Walgreens posted a new 52-week low just a month ago, and the shares have recovered a bit since, adding 5%. The company beat estimates in the previous quarter, and another solid beat on revenue and EPS, combined with the retailer’s big dividend yield, could light a fire under the share price.
This post appeared at 24/7 Wall St.