Walgreens suspends dividend, breaking 90-plus year streak of ...

1 day ago · 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 …

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Walgreens Slashed Its Dividend, But That's A Good Thing For …

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Jan 9, 2024 · The new dividend for Walgreens investors will be $0.25 per share every quarter. That's a 48% reduction from the $0.48-per-share quarterly payment it was making last year.

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Walgreens Slashes Dividend By Almost Half - Kiplinger

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Jan 4, 2024 · Over the past 20 years, shares generated a total return (price change plus dividends) of less than 1%. That lags the S&P 500's total return over the same period by about …

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

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Jan 5, 2024 · 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 …

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Walgreens (WBA) Cuts Dividend By 48% Ending 92 Year Streak

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Jan 4, 2024 · Walgreens (WBA) cuts dividend by 48% ending 92 year streak. Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced that its board of directors has declared a …

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FAQs about Walgreens suspends dividend, breaking 90-plus year streak of ... Coupon?

Why did Walgreens suspend its dividend?

The company said in a brief statement Thursday that its cash needs over the next several years for things like litigation and debt refinancing were big parts of the decision to suspend the dividend. Walgreens started last year by cutting the quarterly dividend nearly in half. ...

What happened to Walgreens Boots Alliance?

Shares of Walgreens Boots Alliance Inc., based in Deerfield, Illinois, were down more than 11% to $10.14 in premarket trading. 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. ...

Why is Walgreens closing its stores?

Walgreens has been dealing with thin prescription reimbursement, rising costs, persistent theft and inflation-sensitive shoppers who are looking for bargains elsewhere. The company is in the early stages of a plan to close 1,200 of its roughly 8,500 U.S. locations. ...

Will Walgreens redeploy a team member from a store that closes?

We intend to redeploy the majority of our team members from those stores that we close.” Walgreens says that patients with prescriptions at the West Springfield location will be notified by mail and their prescriptions will be automatically transferred to the nearest Walgreens located at 60 Springfield Street in Agawam. ...

Is a dividend suspension a positive sign?

But he added that markets frequently see a dividend suspension as a positive sign initially because the company recognizes it has a problem and is taking a step to correct it. The company says it has paid cash dividends every quarter since 1933, a streak stretching more than 90 years or nearly 370 straight quarters. ...

Was Intel's dividend suspension 'prudent and overdue'?

The suspension was “prudent and somewhat overdue,” Leerink Partners analyst Michael Cherny said Friday in a research note. He added that the divided had “become out of whack” in terms of its yield and the cash it required. There were only two dividend suspensions last year in the S&P 500, including one from the chipmaker Intel. ...