Why Walgreens Boots Alliance Stock Slumped 13.6% in January

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 ...