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With a YTD loss of about 66%, Walgreens Boots Alliance (WBA) is the worst-performing S&P 500 Index ($SPX) stock of 2024. In absolute terms, it trades below $10 – marking the first time the stock has traded in single digits since 1996. Simply put, WBA stock hasn’t delivered any returns in the form of capital appreciation for 28 long years.
One saving grace has been its dividends, with the current dividend yield at almost 11.5% - which, for context, is the highest among all S&P 500 Index constituents.
