"Walgreens Earnings Rise but Dividend Cut Shocks Investors, Shares Tumble"
TL;DR Summary
Walgreens Boots Alliance stock dropped over 10% following the announcement of a significant cut to its quarterly dividend, nearly halving it. This move has raised concerns among investors, leading to a sharp decline in the company's share price.
- Walgreens Earnings Beat Expectations, but Dividend Slashed, Stock Plunges. Barron's
- Walgreens stock plunges after drugstore chain slashes quarterly dividend nearly in half CNBC
- Walgreens earnings: First quarter profits up on an adjusted basis, but drug store chain slashes dividend Yahoo Finance
- Pharmacy chain Walgreens cuts dividend to save cash, shares slump Reuters.com
- Walgreens Earnings Preview: The New CEO Has His Hands Full Seeking Alpha
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