Walgreen Co. (WAG) reported third quarter EPS of $0.62 Tuesday morning, down from $0.65 last year. The consensus estimate was for EPS of $0.62. The company announced a 22.2 percent increase in its quarterly dividend to 27.5 cents per share, from the previous rate of 22.5 cents per share.
Walgreens also announced that it will invest about $6.7 billion in cash and stock, which comprise $4 billion in cash and 83.4 million shares, in exchange for a 45 percent equity ownership stake in Alliance Boots.
Walgreen gapped open lower Tuesday and fell in early trade, before settling into a range. The stock finished down by 1.87 at $30.09 on the highest volume of the year. Walgreen closed testing the lows of the year, trading at a 2-week low.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.