Walgreen raises dividend 28.6 percent

Mon Apr 9, 2012 7:09pm EDT

(Reuters) - Walgreen Co WAG.N, which operates the largest U.S. drugstore chain, raised its dividend on Monday.

Walgreen, with a fleet of about 7,850 stores, will now pay a quarterly dividend of 22.5 cents per share, up 28.6 percent increase over the year ago dividend.

(Reporting By Phil Wahba, editing by M.D. Golan)

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