Reported about 6 hours ago
Walgreens Boots Alliance Inc. has suspended its 92-year-old quarterly dividend to conserve cash while it works to revive its struggling business. The decision aims to strengthen the company's balance sheet by reducing debt and improving cash flow in light of declining pharmacy reimbursements and competition. This suspension is expected to save approximately $650 million in fiscal 2025, though the company's stock experienced a sharp drop following the announcement.
Source: YAHOO