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 for first time in 92 years, amid financial struggles
The change comes amid struggles for the Deerfield-based retail pharmacy giant. Walgreens announced plans in October to shutter 1,200 stores over the next three years.
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.
Why Walgreens Boots Alliance Stock Sank by Almost 5% Today
Many finance professionals -- and not a few investors -- consider Walgreens a juicy target for private equity players. In fact, according to reporting from Bloomberg and The Financial Times in 2019, big private equity firm KKR made a $70 billion offer that year. However, KKR denied putting in a binding bid.
Walgreens Boots Alliance Suspends Quarterly Cash Dividend
Walgreens Boots Alliance Inc. (WBA) announced that it has suspended its cash dividend, which was historically paid to stockholders on
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.
Walgreens stock drops as dividend suspended
Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) tumbled 6% today following the company's announcement that it has suspended its quarterly dividend. The move comes as part of the company's efforts to strengthen its balance sheet and support a retail pharmacy-led turnaround.
Walgreens Boots Alliance falls 7% to $10.60 after suspending dividend
EST Walgreens Boots Alliance (WBA) falls 7% to $10.60 after suspending dividendInvest with Confidence: Follow TipRanks' Top Wall Street
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 ...
Walgreens to close 500 stores before August. Is Oklahoma affected?
In the company’s first quarter, from September to November, 70 stores were closed. They plan to close another 450 before the ...
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 ...
Advocate Health Care closing all 47 of its clinics inside Illinois Walgreens stores
One or two medical office assistants work at each of the clinics, along with additional clinicians who support virtual care, ...
Advocate Health Care closing all Illinois clinics inside Walgreens, including 11 in Chicago
The state's largest health care system will close 47 Walgreens clinics as part of a broader shift in operations.
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Advocate Health closing Walgreens clinics in two states
Advocate Health is shuttering 55 clinics inside Walgreens stores in Illinois and Wisconsin, effective Feb. 6.
Aurora Health Care will no longer operate clinics at Walgreens stores in Wisconsin
Aurora has been operating clinics in Walgreens stores since 2017. It will no longer operate the clinics beginning Feb. 6.
Advocate Health Care closing all clinics in Illinois Walgreens stores
Advocate Health Care announced Wednesday they are closing all their clinics inside Walgreens stores in Illinois in early February.
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Spokane man arrested for alleged armed robbery at Walgreens, accused of stealing oxycodone
A Spokane man has been arrested and charged with first-degree robbery after allegedly stealing oxycodone from a Walgreens pharmacy while displaying what appeared to be a firearm.