"Walgreens Dividend Cut Amid Surging Job Market: Opportunity or Warning Sign?"

Walgreens Boots Alliance (NASDAQ: WBA) has announced a significant dividend cut, ending a 47-year streak of dividend growth, to retain cash for funding growth and strengthening its balance sheet. Despite a rich history of dividends, the company's financials have deteriorated, with a downgrade in bond ratings and expectations of continued earnings decline. The dividend cut is seen as a difficult but necessary decision to improve financial stability. Investors are now considering whether the lower stock price presents a buying opportunity for a company still offering a decent dividend yield.