Shares of Walgreens Boots Alliance (WBA 0.22%) sank 13.6% in January, according to data provided by S&P Global Market Intelligence. The main factor weighing on the pharmacy giant was its decision to slash its dividend. That ended a streak of dividend increases that lasted nearly half a century. The end of an eraWalgreens started 2024 off on a sour note. The pharmacy giant slashed its quarterly dividend by 48%. The company made the move to strengthen its balance sheet and cash position. That will allow the c ...

Walgreens Boots Alliance chief executive officer Tim Wentworth Thursday made an interim chief ... [+] financial officer permanent and tapped a new head of the company’s growing healthcare business as he fills his executive team. In this photo, Walgreens signage is seen at a store on Court Street on January 05, 2023 in the Brooklyn Heights neighborhood of the Brooklyn borough in New York City. (Photo by Michael M. Santiago/Getty Images)Getty ImagesWalgreens Boots Alliance chief executive officer Tim Wentwort ...

DEERFIELD, Ill.--(BUSINESS WIRE)--Walgreens Boots Alliance (Nasdaq: WBA) Chief Executive Officer Tim Wentworth today announced updates to WBA’s Executive Committee as the company advances a health services strategy rooted in its retail pharmacy footprint. “Today’s announcement solidifies the leadership team that will carry WBA into its future as we look to expand our reach beyond neighborhood pharmacies into the fastest-growing areas of healthcare,” said Wentworth. “We have a strong team with a track rec ...

Walgreens Boots Alliance (WBA) closed the latest trading day at $22.81, indicating a -1.3% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.82%. Meanwhile, the Dow experienced a rise of 0.41%, and the technology-dominated Nasdaq saw an increase of 0.95%.Coming into today, shares of the largest U.S. drugstore chain had lost 8.87% in the past month. In that same time, the Retail-Wholesale sector gained 7.3%, while the S&P 500 gained 5.59%.Market participants will be close ...

Bloomberg/Bloomberg via Getty Images Investment Thesis I last covered the ProShares S&P 500 Dividend Aristocrats ETF (BATS:NOBL) in December, reasoning that its stronger dividend metrics made it a better Dividend Aristocrats choice over KNGZ, which recently changed strategies. Still, the evidence indicates that its 25 years of consecutive dividend increases screen is insufficient to keep poor-quality stocks out, limiting its total return potential. Despite free cash flow margins stuck between 0-5% and t ...

DEERFIELD, Ill.--(BUSINESS WIRE)--As a trusted, convenient local healthcare destination that millions of Americans rely on every day, Walgreens is expanding its long-standing relationships with colleges of pharmacy through the formation of the Walgreens Deans Advisory Council to enhance the pharmacy profession and better support pharmacists as they provide valuable care to their local communities. The new Council, consisting of 17 pharmacy school deans and Walgreens leadership, is sponsored by Rick Gates ...

DEERFIELD, Ill.--(BUSINESS WIRE)--Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced the election of Robert L. (Robbie) Huffines to the company’s board of directors at its 2024 Annual Meeting of Stockholders. He joins the board as an independent director and will serve on the board’s Finance and Technology Committee. Huffines currently serves as Global Chairman of Investment Banking at J.P. Morgan Chase & Co., where he has guided healthcare companies for more than 30 years on strategy, mergers ...

News Walgreens Boots Alliance is considering the sale of its Shields Health Solutions specialty ... [+] pharmacy business would be unloading a lucrative operation with huge growth potential. Signage outside a Walgreens location in Louisville, Kentucky, U.S., on Thursday, March 24, 2022. Photographer: Luke Sharrett/Bloomberg© 2022 Bloomberg Finance LPNews Walgreens Boots Alliance is considering the sale of its Shields Health Solutions specialty pharmacy business would mean unloading a lucrative operation wit ...

Every day for the next three weeks, we're going to highlight one of Schaeffer's top 12 picks for 2024. Next up, we have pharmacy stock Walgreens Boots Alliance Inc (NASDAQ:WBA) . To access the entirety of the 2024 report, click here.Drugstore megacorporation Walgreens Boots Alliance (WBA) took the title as the worst performing Dow stock for 2023, but may be the perfect pick for contrarians, as it now sports a dividend yield of 9.4%. This should be attractive in the new year for traders, as well the equity i ...

This year marked the end of an era for Walgreens Boots Alliance (WBA -0.68%). The pharmacy and retail giant slashed its dividend by 48% to start this year, ending a streak of 47 straight years of increases. Before that reduction, the company had one of the highest dividend yields in the S&P 500 at around 7.5%. Walgreens' decision to throw in the towel on its long-standing dividend growth streak might make 3M (MMM 1.24%) investors nervous. The industrial giant also pays a big-time dividend (currently yieldin ...