U.S. pharmacy chain Walgreens Boots Alliance on Thursday nearly halved its dividend to save more money, even as the company's cost-cut measures helped it report better-than-expected quarterly profit. Higher drug prices also boosted the pharmacy operations of the company, which has been grappling with fierce competition, sharply lower sales from COVID vaccines and testing, and decreased discretionary spending by inflation-weary consumers.The company was forced to close unprofitable stores and cut jobs to red ...

Justin Sullivan Walgreens Boots Alliance, Inc. (NASDAQ:WBA) has just perhaps committed the cardinal sin that dividend investors may never forgive. Especially, as the company was so close to achieving a legendary milestone. The struggling drug retail giant has just announced a nearly 50% haircut to its dividend as Seeking Alpha has covered here. Although I don't own a position in this stock, it hurts to see a dividend cut anytime, especially from a company that had a dividend growth streak of 47 years ah ...

Walgreens (NASDAQ:WBA) is one of the top-trending tickers on websites and social media today after the company announced that it would cut its dividend nearly in half. The firm also released better-than-expected results for its fiscal first quarter. However, WBA stock still fell by about 5% in early trading this morning. Walgreens’ Dividend Cut and Its Implications for Investors WBA slashed “its quarterly dividend by 48%, to 25 cents a share from 48 cents a share.” The move will reduce the stock’s dividend ...

Walgreens Boots Alliance on Thursday reported better-than-expected quarterly profit, as cost-cut measures and higher drug prices boosted its pharmacy operations, and the company nearly halved its dividend to accelerate its savings measures. Shares of the Deerfield, Illinois-based company rose more than 3% as the U.S. pharmacy giant cut dividend payments by 48% to 25 cents per share.The stock lost about 30% in 2023. Fierce competition from rivals, sharply lower sales from COVID-19 vaccines and testing, and d ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

Shares of Walgreens Boots Alliance Inc. WBA, -4.05% rallied 3.1% in premarket trading Thursday, after the drugstore chain and healthcare services company beat fiscal first-quarter earnings expectations, but said it was nearly halving its dividend to bolster its cash position. Net losses for the quarter to Nov. 30 narrowed to $67 million, or 8 cents a share, from $3.72 billion, or $4.31 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share fell to 66 cents from $1.16, bu ...

A man walks near a Walgreens pharmacy on March 09, 2023 in New York City.Walgreens reported fiscal first-quarter adjusted earnings and revenue that topped expectations on Thursday, but cut its quarterly dividend nearly in half. The retail pharmacy giant slashed its dividend to 25 cents per share from 48 cents per share to "strengthen [its] long-term balance sheet and cash position," CEO Tim Wentworth, who officially took the helm during the quarter, said in a statement. Walgreens' dividend yield is now 3.9% ...

DEERFIELD, Ill.--(BUSINESS WIRE)--Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced that its board of directors has declared a quarterly dividend of 25 cents per share, a reduction of 48 percent from the previous quarter. The dividend is payable on March 12, 2024, to stockholders of record as of Feb. 20, 2024. Chief Executive Officer Tim Wentworth said: “Since the start of my tenure with WBA, we have been evaluating our options across our strategies and operations, including those related to ou ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended November 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From _______to _______ Commission File Number 001-36759 WALGREENS BOOTS ALLIANCE, INC. (Exact name of registrant as specified in its charter) (State or Other Juris ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...