How the mighty have fallen. Roughly 10 years ago, Walgreens Boots Alliance Inc (NASDAQ:WBA) was knocking on the door of $100, a promising blue-chip pharmacy stock. As 2024 winds down, Walgreens stock has been booted from the Dow and holds the (dis)honor of worst-performing stock on the S&P 500 Index (SPX).
It's been a tough year for Walgreens Boots Alliance (WBA -1.18%) stock, which is trading down nearly 65% year to date, as of this writing. Things don't look any better when looking even further out, as the stock has lost 88% of its value over the past decade.
Until recently, many Walgreens Boots Alliance (WBA -2.62%) investors were desperately hungry for good news to boost the company's languishing stock price. On Dec. 10 they got some, in the form of a news report detailing a potential buyout deal.
Income-seeking investors looking for ultra-high-yield dividend stocks can find what they're looking for in the healthcare and finance sectors. Walgreens Boots Alliance (WBA 2.14%) and PennantPark Floating Rate Capital (PFLT -0.28%) offer yields above 10% at recent prices.
Legislation slowly wending its way through states and in Washington could mean increased payments to drugstore chains like CVS Health, Walgreens, Walmart and independent pharmacies across the country.
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