Walgreens Boots Alliance operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, as well as through mail, and by telephone and online. The company was founded in 1901 and is based in Deerfield, Illinois.
Johnson & Johnson (NYSE: JNJ) has always been regarded as the blue-chip dividend stock in the healthcare sector. With a market cap of about $390 billion, J&J is easily the largest healthcare company in the world, something that can certainly indicate a safe investment. The company offers a reliable 2.7% dividend, and although that's far from the highest yield you can find in the healthcare sector, J&J's stock price has made it through some ups and downs -- the stock price is now about where it was at the beginning of the year.
Walgreens Boots Alliance Inc. said that Stefano Pessina plans to step down as chief executive officer, a move that comes as the drugstore giant faces the pandemic and longer-term shifts in the pharmacy business.