Walgreens Boots Alliance, Inc. dividend history and coverage
Fiscal 2016–2025 dividends per share, payout of earnings and cash flow, and any decreases, read from Walgreens Boots Alliance, Inc.'s own SEC filings. Data built 2026-11-01.
Dividend history
- Dividends per share (fiscal year)
- Year with a decrease
- Earnings per share (diluted)
Yield at today's price
The numbers, with their filings
| Fiscal year | Dividends/share | EPS (diluted) | Payout of EPS | FCF/share | Cash payout | Filing |
|---|---|---|---|---|---|---|
| FY2025 | 0.250 | — | — | — | — | annual report |
| FY2024 | 1.230 | -10.01 | not covered | -0.42 | not covered | annual report |
| FY2023 | 1.920 | -3.57 | not covered | 0.16 | >200% | annual report |
| FY2022 | 1.913 | 5.01 | 38% | 2.50 | 77% | 10-K |
| FY2021 | 1.880 | 2.93 | 64% | 4.82 | 39% | 10-K |
| FY2020 | 1.840 | 0.52 | >200% | 4.67 | 43% | 10-K |
| FY2019 | 1.778 | 4.31 | 41% | 4.21 | 42% | 10-K |
| FY2018 | 1.640 | 5.05 | 33% | 6.93 | 25% | 10-K |
| FY2017 | 1.525 | 3.78 | 40% | 5.47 | 29% | 10-K |
| FY2016 | 1.455 | 3.82 | 38% | 5.98 | 24% | 10-K |
Dividends per share: as declared per common share in the company's annual reports. Free cash flow = operating cash flow − capital expenditures (as tagged); cash payout = common dividends paid ÷ free cash flow. All Walgreens Boots Alliance, Inc. filings on EDGAR ↗
Data note. Walgreens cut its dividend in January 2024 and suspended it on January 30, 2025. It was taken private on August 28, 2025 and is no longer listed; it stays here as a dividend-cut case study. Fiscal year ends August 31.
Dividend decrease, in the company's words
Walgreens Boots Alliance, Inc.: -47.9%
Quarterly dividend US$0.4800 → US$0.2500.
“Today we are announcing a 48 percent reduction in our quarterly dividend payment, while maintaining a competitive yield.”
Announced with fiscal first-quarter 2024 results. Fiscal 2024 declared dividends totalled $1.23.
What the filings showed beforehand: payout of earnings FY2021 64%, FY2022 38%, FY2023 not covered; cash payout FY2021 39%, FY2022 77%, FY2023 >200%.
Walgreens Boots Alliance, Inc.: -100%
Quarterly dividend US$0.2500 → US$0.0000.
“aimed at strengthening WBA's balance sheet by reducing debt over time and improving free cash flow”
The board suspended the quarterly dividend. Walgreens was taken private on August 28, 2025.
What the filings showed beforehand: payout of earnings FY2022 38%, FY2023 not covered, FY2024 not covered; cash payout FY2022 77%, FY2023 >200%, FY2024 not covered.
What $1,000 of Walgreens dividends is worth after tax
Canadian resident (2026 estimate)
| Account | You keep | Why |
|---|---|---|
| Non-registered | $704 | 15% US withholding, then Canadian tax like interest with a foreign tax credit |
| TFSA | $850 | 15% US withholding, not recoverable |
| RRSP / RRIF | $1,000 | Treaty exemption from US withholding; taxed on withdrawal |
US taxpayer (2026 estimate)
Example: married filing jointly, $120,000 of other taxable income, 22% ordinary bracket.
| Account | You keep |
|---|---|
| Taxable brokerage | $850 |
| Roth IRA | $1,000 |
| Traditional IRA / 401(k) | $1,000* |
* Nothing is taxed when the dividend is paid; withdrawals are taxed later as ordinary income.
Assumes qualified-dividend treatment (holding period met). Use your own numbers.
Frequently asked questions
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