Walgreens Is Cutting Its Big-Time Dividend. Time to Buy the …

Jan 5, 2024 · The pharmacy company is cutting its dividend by nearly 50%. That ended a streak of 47 years of dividend growth. That reduction will enable Walgreens to retain more cash to fund its growth and ...

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Walgreens Is Cutting Its Big-Time Dividend. Time To Buy The …

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Is Another Big Dividend Cut Coming For Walgreens In January?

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Jan 1, 2025 · Pharmacy retailer Walgreens Boots Alliance (WBA-5.06%) was once seen as a safe dividend stock. Those days are long gone. In just the past three years, the stock has lost more …

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Is Another Big Dividend Cut Coming For Walgreens In January?

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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 …

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Walgreens Suspends Dividend, Breaking 90-plus Year Streak Of ...

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Jan 31, 2025 · Walgreens started last year by cutting the quarterly dividend nearly in half. The company slashed the payout to 25 cents from 48 cents after spending about $1.7 billion on …

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Why Walgreens (WBA) Shares Are Trading Lower Today - Yahoo …

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Jan 31, 2025 · Shares of pharmacy chain Walgreens Boots Alliance (NASDAQ:WBA) fell 17% in the morning session after the company announced it is suspending its dividend for the first …

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Is Walgreens' Ultra-High-Yield Dividend In Jeopardy Again?

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Oct 22, 2024 · Walgreens' financial numbers provide a greater reason to be concerned about the reliability of its dividend. The big pharmacy company's dividend payout ratio is roughly 291%, …

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Walgreens Stock Plunges. Its Dividend Payout Changes Are To Blame

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Jan 31, 2025 · As of the time of this writing, Walgreens shares are down over 15% in early market trading. The reason for the crashing stock price likely has to do with a change the company …

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Walgreens Suspending Dividend, Breaking 90-plus Year Streak Of ...

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Jan 31, 2025 · Walgreens started last year by cutting the quarterly dividend nearly in half. The company slashed the payout to 25 cents from 48 cents after spending about $1.7 billion on …

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Walgreens Boots Falls After Quarterly Dividend Suspension

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Jan 30, 2025 · Walgreens Boots Alliance (NASDAQ:WBA) fell over 7% in extended trading on Thursday after the drugstore chain said it is suspending cash dividend paid to stockholders on …

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Walgreens Is Cutting Its Big-Time Dividend. Time To Buy The …

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Jan 5, 2024 · That’s exactly what has happened this year, with Walgreens cutting its quarterly payout from $0.48 to $0.25 per share (pushing the yield down to a still attractive 4.3%). …

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Walgreens Suspends Dividend In Latest Cost-cutting Measure

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Jan 31, 2025 · The company in October declared a quarterly dividend of 25 cents per share, and overall, paid $1.00 in dividends in 2024. The company cut its dividend to 25 cents from 48 …

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Walgreens Cut Its Dividend By 48%: Here Are 5 Better Dow …

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Jan 11, 2024 · After cutting its dividend by 48%, Walgreens Boots ... Apple's cash-cow business model allows it to make dividend raises and buy back stock ... The stock underperformed the …

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Walgreens Is Cutting Its Big-Time Dividend. Time To Buy The …

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Walgreens Boots Alliance just ended a long streak of dividend increases. ... Is Pfizer Stock a Buy Near 10-Year Lows for Its 6% Dividend Yield? 3. Why Is Wall Street So Bullish About These 2 …

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3 High-Yielding Dividend Stocks That Could Cut Their Payouts This …

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1 day ago · During that time, the company reported diluted earnings per share (EPS) of $0.71. Wendy's pays a quarterly dividend of $0.25, which over three quarters would total $0.75 -- …

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FAQs about Walgreens Is Cutting Its Big-Time Dividend. Time to Buy the … Coupon?

Is Walgreens cutting its dividend?

Walgreens Is Cutting Its Big-Time Dividend. Time to Buy the Beaten-Down Dow Stock? Walgreens Boots Alliance (NASDAQ: WBA) got the bad news out early in 2024. The pharmacy company is cutting its dividend by nearly 50%. That ended a streak of 47 years of dividend growth. ...

Is Walgreens slashing its dividend too much?

By slashing its dividend nearly in half this year, Walgreens has reduced how much it needs to allocate to its recurring payouts, but it's still too much of a burden for the struggling company. In three of the past five quarters, Walgreens has reported negative free cash flow. ...

Is Walgreens a dividend King?

That put it among the dividend elite and only a few years away from becoming a Dividend King (companies with 50 or more years of dividend increases). While Walgreens had done an excellent job paying a rising dividend over the years, growth has slowed significantly. Technically, the company didn't increase its dividend in 2023. ...

Is Walgreens' dividend safe?

Some income investors might feel that Walgreens' dividend should be safe because the company already slashed its dividend earlier this year. This move came after 47 consecutive years of dividend increases. Surely, Walgreens wouldn't anger shareholders by cutting its dividend again, right? ...

How much did Walgreens pay a dividend in fiscal 2023?

The company slashed the payout to 25 cents from 48 cents after spending about $1.7 billion on cash dividends in fiscal 2023. Chief Financial Officer Manmohan Mahajan told analysts earlier this month that Walgreens still was evaluating “the appropriateness and size of our dividend as part of our capital allocation policy.” ...

Is Walgreens Boots Alliance's dividend cut a good thing?

Walgreens Boots Alliance (WBA 2.38%) recently announced a significant dividend cut, resulting in its future payout being reduced to nearly half of what it was. It sounds awful, but here's why this seismic reduction in the payout may turn out to be a long-term good thing for the pharmacy retailer's shareholders. ...