By Stephen Nakrosis

Walgreens Boots Alliance Inc. on Wednesday said its board raised the company's quarterly dividend by 2.1%, to 47.75 cents a share.

The new dividend will be payable on Sept. 10 to shareholders of record on August 20, the company said.

The increase raises the company's annual rate to $1.91 a share, the company said.

Walgreens Boots Alliance said it and its predecessor company, Walgreen Co., have raised dividends for 46 consecutive years and have paid a dividend in 355 straight quarters.

-Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

July 14, 2021 15:51 ET (19:51 GMT)

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