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flag Walgreens suspends its quarterly dividend for the first time in 92 years amid financial struggles.

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

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