Articles > Newspapers > U.S. Newspapers, Local Markets Th-Z > The News Sun - Waukegan (IL) articles > July-September 2003 > Saturday, July 12

Article: Business Briefs

Article from:
The News Sun - Waukegan (IL)
Article date:
July 12, 2003
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DEERFIELD -- Walgreen Co. has announced a 15 percent increase of its quarterly dividend to 4.3125 cents per share from 3.75 cents. The increase raised the yearly dividend to 17.25 cents per share from 15 cents. "With the recent tax law changes to dividend income and Walgreens' continued growth in earnings, we believe it's the right time to accelerate our dividend increase," said David Bernauer, chairman and chief executive officer. The increased dividend is payable Sept. 12 to shareholers of record as of Aug. 20.

Walgreen, based in Deerfield, operates the nation's largest drugstore chain in sales. For its 2003 third quarter ended May 31, it posted a 14.3 percent increase in net earnings ...

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