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Walgreens has recently cut its dividend by 48%, from $0.48 per share in Q4 2023 to $0.25 in Q1 2024. The reason given by CEO Tim Wentworth was to prioritize capital allocation.
Walgreens Boots Alliance (NASDAQ: WBA) slashed its dividend earlier this year. Let's take a closer look to see whether Walgreens (reduced) payout is manageable, and determine if investors should ...
Walgreens Boots Alliance (NASDAQ: WBA) is a stock that is in deep trouble. It isn't trading just at 52-week lows, it's trading at levels it hasn't seen in more than 20-plus years. The company's ...
On Jan. 4, 2024, Walgreens reported its first-quarter results for the new fiscal year and announced a steep dividend cut. The 48% reduction to the payout may have come as a shock to investors who ...
Nowadays, however, Walgreens is struggling to grow, its bottom line isn't strong, and the company even slashed its dividend at the start of the year. Despite the cut, the stock's yield remains ...
Income investors, beware.
This is apparently happening to Walgreens Boots Alliance (NASDAQ: WBA), according to a media report. So, the market aggressively traded out of the pharmacy chain operator's stock on Monday.
Walgreens stock sank as much as 12% Thursday before paring losses after saying it would slash its dividend by 48% — to $0.25 a share from $0.48 a share.New CEO Tim Wentworth, formerly the CEO of ...