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 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.
Walgreens suspends quarterly dividend amid turnaround efforts
Walgreens Boots Alliance has suspended its quarterly cash dividend amid restructuring efforts, the U.S. pharmacy chain operator said on Thursday, sending its shares down nearly 8% in extended trading.
Walgreens Boots Alliance Suspends Quarterly Cash Dividend
Walgreens Boots Alliance Inc. (WBA) announced that it has suspended its cash dividend, which was historically paid to stockholders on
Walgreens Suspends Nearly Century-Old Dividend to Save Cash
Walgreens Boots Alliance Inc. is suspending the quarterly dividend it’s paid for the past 92 years in a bid to conserve cash as the troubled pharmacy chain attempts to revive the business.Most Read fr
Walgreens Boots Alliance Shares Slide As Board Suspends Dividend
Walgreens Boots Alliance shares are falling in extended trading Thursday after the company suspended its quarterly dividend.
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 Boots Alliance suspends quarterly dividend
Walgreens Boots Alliance (WBA) announced that its board of directors is suspending the company’s cash dividend historically paid to
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 prescription drugs.
Walgreens stock drops as dividend suspended
Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) tumbled 6% today following the company's announcement that it has suspended its quarterly dividend. The move comes as part of the company's efforts to strengthen its balance sheet and support a retail pharmacy-led turnaround.
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