Walgreen Co. Declares Regular Quarterly Dividend.DEERFIELD, Ill. -- The board of directors of Walgreen Co. (NYSE NYSE See: New York Stock Exchange :WAG) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :WAG) today declared a regular quarterly dividend of 7.75 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , payable Dec. 12, 2006, to shareowners of record Nov. 13, 2006. The company has paid a dividend in 296 consecutive quarters (or 74 years) and has raised its dividend for 31 consecutive years. Walgreens, the nation's largest drugstore chain, earlier reported sales for the 2006 fiscal year ended Aug. 31, 2006, of $47.4 billion, up 12.3 percent from a year earlier. Net earnings for the year were up 12.3 percent from a year ago to a record $1.75 billion. Walgreens operates 5,475 drugstores in 47 states and Puerto Rico, including 76 Happy Harry's stores in Delaware and surrounding states. The company plans to open 500 new stores in fiscal 2007, with a net increase of more than 400 stores after relocations and closings. Walgreens also provides additional services to pharmacy patients and prescription drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, and medical plans through Walgreens Health Services Walgreens Health Services (WHS) is a business unit of Walgreens. The unit was started in 1991 when Walgreens decided to expand on the services provided by its mail service division. , its managed care division, which includes Walgreens Health Initiatives Inc. (a pharmacy benefits manager), Walgreens Mail Service Inc., Walgreens Home Care Inc. and Walgreens Specialty Pharmacy. |
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