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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. The drugstore chain said Thursday after markets closed that it made the move to strengthen its balance sheet and improve free cash flow as company

The Wall Street Journal on MSN · 20h

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.

Forbes · 15h

Walgreens Suspends Dividend To Fund Turnaround ‘Cash Needs’

Walgreens is suspending its quarterly dividend as the company works to “evaluate and refine its capital allocation policy" amid its turnaround efforts.

Walgreens, Deckers Outdoor, Beazer Homes And Other Big Stocks Moving Lower In Friday's Pre-Market Session

After the market close on Thursday, Walgreens announced its board is suspending its cash dividend as management continues to ...

WWLP-22News1h

Walgreens closing West Springfield store

The closing is part of the company’s business plan to eliminate 1200 stores nationwide over the next three years.

20h

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 ...

20h

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 ...

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