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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 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 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.
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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 ...
3d
Walgreens Stock Tumbles. Report Says Private-Equity Bid for Pharmacy Chain ‘Mostly Dead.’
The Wall Street Journal previously reported that Walgreens and Sycamore Partners were discussing a deal that could be ...
8d
Maps Reveal Where Walgreens and Rite Aid Are Closing Stores Nationwide
Major pharmacy chains are planning to shutter hundreds of stores in 2025, making access to medications more difficult.
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Laura Washington: Walgreens is closing stores and creating pharmacy deserts on Chicago’s South and West sides
The five local Walgreens stores to be closed are all on the city’s South and West sides, serving African American and Latino ...
Becker's ASC
9h
Advocate Health to close 55 Walgreens clinics: 5 things ASCs need to know
Advocate Health Care will permanently shutter its 55 in-store clinics located within Walgreens pharmacies in Illinois and Wisconsin, effective Feb. 6. Here are five things ASCs need to know: 1.
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Walgreens Lawsuit May Mean 'Significant' Payments to Customers: Lawyer
The Department of Justice civil complaint, filed in an Illinois federal court, could throw significant light on America's ...
7d
Bitter pill: Pharmacy staff shortages, erratic hours are putting Oklahomans at risk
Walgreens and CVS were engaged in a war nationwide, building stores as close to each other as possible, often on opposite ...
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