Rite Aid Corporation (NYSE: RAD) is a Fortune 500 company that operates in the United States. The company offers a variety of retail pharmacy, general merchandise, and food and beverage products. Rite Aid Corporation pays a quarterly dividend of $0.60 per share.
The company has paid a dividend for 36 consecutive years. The dividend is paid on the company’s common stock. Rite Aid Corporation’s dividend payout ratio is 36%.
Rite Aid Corporation’s dividend is a good investment. The company pays a quarterly dividend that is consistent and has been paying a dividend for 36 consecutive years. The dividend payout ratio is also good, at 36%. This means that for every $1 of shareholder value, $0.
36 is paid to shareholders in the form of dividends. This ratio is low compared to other companies, but it is still a good return on investment.
Overall, Rite Aid Corporation is a good company that pays a consistent dividend. The company has a good payout ratio, and its common stock is also moderately priced.
Rite Aid Corporation is a good investment, and shareholders should consider investing in it.
