Walgreens Suspends Dividend To Fund Turnaround ‘Cash Needs’
Walgreens is suspending its quarterly dividend as the company works to “evaluate and refine its capital allocation policy" amid its turnaround efforts.
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 Boots falls after quarterly dividend suspension
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 a quarterly basis. This comes after a report that a potential takeover of the company by private equity from Sycamore Partners will likely not happen.
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 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
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.
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 ...
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 ...
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 ...
Walgreens suspends quarterly dividend amid turnaround efforts
Walgreens Boots Alliance has suspended its quarterly cash dividend amid restructuring efforts, the U.S. pharmacy chain ...
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 ...
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, ...
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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.
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.
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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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.