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Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is one of the largest retail pharmacy chains in the U.S., with over 8,500 locations. Nearly three-quarters of Americans live within five miles of a Walgreens location.

The company will report its Q4 2024 earnings on October 15. Wall Street analysts expect the company to post an EPS of $0.51, down from $0.67 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $35.75 billion, up from $35.42 billion in the same period last year.

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The 52-week range of Walgreens Boots Alliance stock price was $8.46 to $27.05.

Walgreens Boots Alliance’s stock dividend yield is 11.4%. Over the last 12 months, it paid $1 per share in dividends.

The Latest On Walgreens Boots Alliance

On June 27, the company reported its Q3 2024 earnings, posting earnings of $0.63 per share, missing the consensus estimate of $0.67 per share, as reported by Benzinga.

This quarterly report represents an earnings surprise of -5.97%. A quarter ago, this largest U.S. drugstore chain was expected to post earnings of $0.82 per share but produced earnings of $1.20, delivering a surprise of 46.34%.

Over the last four quarters, the company has surpassed consensus EPS estimates twice.

Quarterly revenues were $36.35 billion, surpassing the consensus estimate by 1.07%. This compares to year-ago revenues of $35.42 billion. The company has topped consensus revenue estimates four times in the last four quarters.

Check out this article by Benzinga to learn what the Big Money is thinking based on Walgreens Boots Alliance options.

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How Can You Earn $100 Per Month As A Walgreens Boots Alliance Investor?

If you want to earn $100 per month –$1,200 annually – from Walgreens Boots Alliance dividends, your investment value needs to be approximately $10,526, which is 1,204 shares at $8.74 each.

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (11.4%). So, $1,200 / 0.114 = $10,526 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time due to fluctuating stock prices and dividend payments on a rolling basis.

For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Walgreens Boots Alliance stock an attractive option for making a steady income of $100 per month by owning 1,204 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. Walgreens Boots Alliance has raised its dividend consecutively for the last 47 years.

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This article How Much Would It Take To Earn $100 A Month From Walgreens Boots Alliance Stock? originally appeared on Benzinga.com