Walgreens stock plunges. Its dividend payout changes are to blame
After an earnings-driven rally, Walgreens is back in the red as investors digest its decision to halt dividend payments. Walgreens Boots Alliance, Inc. investors have had a wild 2025 so far. Earlier this month,
Walgreens Suspends Dividend To Fund Turnaround ‘Cash Needs’
Walgreens is suspending its quarterly dividend payments to stockholders as the company works to free up cash to reduce debt and fund its long-term turnaround.
Walgreens Suspends Dividend to Drive Turnaround Strategy
U.S.-based pharmacy chain Walgreens Boots Alliance (WBA) suspended its long-standing dividend to preserve cash and prioritize its turnaround
Walgreens Tumbles After Suspending Steady Dividend to Save Cash
Walgreens Boots Alliance Inc. tumbled Friday after suspending the quarterly dividend it’s paid for the past 92 years in a bid to conserve cash and revive the business.Most Read from BloombergHow the 2
Walgreens to Suspend Dividend in Cash-Saving Push
Cash needs for the next several years, “including with respect to litigation and debt refinancing,” were important considerations, the company said.
For first time in 92 years, Walgreens suspends quarterly dividend amid financial struggles
Walgreens Boots Alliance announced Thursday that it is suspending its practice of paying cash dividends to stockholders — the first time it won’t pay a quarterly dividend in 92 years. The change comes amid struggles for the Deerfield-based retail pharmacy giant.
Walgreens Stock Is Dropping. The Dividend Halt Shouldn’t Have Been a Shock.
Embattled drug chain Walgreens suspended the cash dividend, saying it needed cash due to litigation and debt refinancing.
Walgreens suspends dividend in latest cost-cutting measure
The decision is aimed at boosting cash flow and reducing debt as it faces an opioid lawsuit from the Department of Justice.
Walgreens Stock Slides on Dividend Suspension
Shares of Walgreens Boots Alliance dropped 10% Friday, after the pharmacy chain suspended quarterly dividends, citing the need for cash amid litigation and turnaround efforts. The Justice Department t
Walgreens suspends quarterly dividend, stock plunges
The move is the latest sign that the pharmacy chain is struggling to cut costs, improve margins and find stability.
Walgreens Suspends Dividend, Breaking 90-Plus Year Streak of Shareholder Payouts
Shares of Walgreens dove early Friday, a day after the drugstore chain said it was suspending its dividend, breaking a streak of quarterly shareholder payouts that stretches back more than 90 years
Walgreens (WBA) stock drops 15%: what’s behind today’s crash?
While this sharp decline has nothing to do with sales performance, it is largely tied to Walgreens’ recent decision to suspend its dividend payouts.
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Walgreens: Dividend Suspension Not Surprising, but Still Disappoints Investors; Shares Crash
No-moat Walgreens announced its decision to suspend its quarterly dividend in the future after the market closed on Jan. 30. Prior to this decision, Walgreens had been paying $0.25 per share ...
The latest step in Walgreens’ turnaround is a blow to investors
Walgreens has struggled as foot traffic at its stores dwindle and pharmacy business faces slimmer reimbursement rates on ...
Walgreens Boots Alliance Suspends Quarterly Dividend as Company Continues Disciplined Execution Against Strategic Priorities
Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced that its board of directors is suspending the company’s cash dividend historically paid to stockholders on a quarterly basis, as management ...