Walgreens suspends its quarterly dividend for the first time in 92 years amid financial struggles.
Walgreens has suspended its quarterly dividend for the first time in 92 years, as part of a turnaround effort to improve its financial health. This move follows recent financial pressures, including a lawsuit from the Department of Justice and plans to close over 1,200 stores. The company is also implementing a $1 billion cost-cutting program to strengthen its balance sheet and boost growth.
2 months ago
35 Articles