Walgreens Boots Alliance, Inc. to pay quarterly dividend of 37.5 cents per share; 4.2 percent increase

DEERFIELD, Ill., 2016-Jul-16 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced that its board of directors has declared a quarterly dividend of 37.5 cents per share, an increase of 4.2 percent. The increased dividend is payable 12 September 2016 to stockholders of record 19 August 2016, and raises the annual rate from $1.44 per share to $1.50 per share.

This marks the 41st consecutive year Walgreens Boots Alliance and its predecessor company, Walgreen Co., have raised the dividend.

Notes to Editors:

About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health and wellbeing enterprise. The company was created through the combination of Walgreens and Alliance Boots in December 2014, bringing together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted health care services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years.

Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination in the USA and Europe and, together with its equity method investments*, employs more than 370,000* people and has a presence in more than 25* countries. Walgreens Boots Alliance is a global leader in pharmacy-led, health and wellbeing retail with over 13,100* stores in 11* countries. The company includes one of the largest global pharmaceutical wholesale and distribution networks with over 350* distribution centers delivering to more than 200,000** pharmacies, doctors, health centers and hospitals each year in 19* countries. In addition, Walgreens Boots Alliance is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products.

The company’s portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as increasingly global health and beauty product brands, such as No7, Botanics, Liz Earle and Soap & Glory. More company information is available at www.walgreensbootsalliance.com.

* As at 31 August 2015 (without subsequent adjustment for business acquisitions or dispositions), including equity method investments

** For 12 months ended 31 August 2015 (without subsequent adjustment for business acquisitions or dispositions), including equity method investments

Cautionary Note Regarding Forward-Looking Statements:
All statements in this release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including those described in Item 1A (Risk Factors) of our Form 10-K for the fiscal year ending 31 August 2015, which is incorporated herein by reference, and in other documents that we file or furnish with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially. These forward-looking statements speak only as of the date they are made. Except to the extent required by law, we do not undertake, and expressly disclaim, any duty or obligation to update publicly any forward-looking statement after the date of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

Contact(s)

Media Relations
USA
Michael Polzin
+1 847 315 2935

International
Laura Vergani
+44 (0)207 980 8585

Investor Relations
Gerald Gradwell and Ashish Kohli
+1 847 315 2922

Source: Walgreens Boots Alliance, Inc.

Tesco to pay its dairy farmers 28.71 ppl for their fresh milk for the three months from 1st August

CHESHUNT, England, 2016-Jul-02 — /EPR Retail News/ — Tesco has today confirmed that for the three months from 1st August, it will pay its dairy farmers 28.71 ppl for their fresh milk, through the Tesco Sustainable Dairy Group (TSDG). This will be an increase of 0.02ppl from the previous quarter.

The move follows the introduction of the Fair For Farmers Guarantee, which pledges that every pint of milk sold at Tesco is 100% British and provides customers with information on the fair price they pay their dairy farmers.

The Fair For Farmers Guarantee promises that:

  • Every farmer is paid fairly for every pint of milk
  • Every pint is 100% British
  • Every cow is well cared for

Tesco sources all of its fresh milk from over 600 British farmers, who make up the TSDG. Set up in 2007 to address the uncertainty faced by British dairy farmers caused by volatility in the markets, it has continued to be integral to the way the retailer has created fair and sustainable partnerships with producers, growers and farmers across British Agriculture.

Tesco’s Commercial Director for Fresh Food Matt Simister said:
“For almost a decade we have worked with our dairy farmers to provide the best possible quality milk, produced to the highest standards for customers. Through the direct long term partnerships with our producers and the Fair For Farmers Guarantee,  shoppers can been confident that every pint of own-brand milk they buy from Tesco, fosters a better future for hundreds of British dairy farmers.”

“Because we use an independent price tracker to calculate the current costs of feed and  fuel for our farmers every quarter, we are able to reflect the changes in our farmers’ real costs so that they are not left disadvantaged.”

TSDG Farmer and Committee Chairman James Stephen said:
“Tesco‘s Fair for Farmers Guarantee and their long- term commitment to work with us directly through the TSDG, gives us a level of certainty so that we can plan for the future.  This is vital if we want a truly sustainable future for the British dairy industry.”

Since its establishment, the pricing mechanism of the groups has ensured that Tesco continues to pay a price for the milk that is buys, that reflects at least the cost of production for dairy farmers. The guaranteed price is reviewed every quarter to ensure that it correctly corresponds with the current market conditions for producers, helps farmers to budget, invest and plan for the future. Calculated by the independent consultancy-Promar – the price paid by Tesco reflects the average cost of production of all members of the sustainable dairy group.

The price, which is always agreed in collaboration with farmers from the group, is completely independent from the retail price for milk.  Customers can be assured that every pint of own-brand milk they buy from Tesco supports a TSDG farmer, helping to deliver a sustainable future for the British dairy industry.

The new price covers all Tesco own-brand fresh & filtered milk (1, 2, 4, 6 pint and 1 and 2 litre – excluding organic milk); single, double & extra thick double cream (150, 300, 600 ml) products and mature & extra mature cheddar.

We are a team of 480,000 in 11 markets dedicated to serving shoppers a little better every day.

For more information please contact the Tesco Press Office on
01707 918 701

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Tesco to pay its dairy farmers 28.71 ppl for their fresh milk for the three months from 1st August
Tesco to pay its dairy farmers 28.71 ppl for their fresh milk for the three months from 1st August

Source: Tesco