Walgreens Doesn't Need to Cut Its Dividend, It Needs to …

Jul 17, 2024 · Walgreens cut its dividend this year, but I believe the pharmacy specialist should outright suspend it, because that could play a big role in the company's overall turnaround. …

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Walgreens Slashes Dividend To Free Up Cash, Invest In ... - Forbes

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Jan 4, 2024 · [+] reduce its dividend by 48% to strengthen its balance sheet and cash position to invest in its businesses, the company said January 4, 2024. A Walgreens store in Oakmont, …

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Walgreens Is Cutting Its Big-Time Dividend. Time To Buy The …

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Jan 5, 2024 · With nearly $1.7 billion in dividend payments, Walgreens outspent its operating cash flow by $1 billion over the past fiscal year. ... S&P Global cut its rating to the last notch …

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Pharmacy Chain Walgreens Cuts Dividend To Save Cash, Shares …

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Jan 4, 2024 · The 48% dividend cut to 25 cents per share could help "shore up" Walgreens' balance sheet and save about $800 million on an annual basis, Evercore analyst Elizabeth …

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Is Walgreens' High-Yielding Dividend Safe? - MSN

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I wouldn't suggest investing in Walgreens for its dividend. In five years, the stock has lost more than 85% of its value, and that's a big reason the yield is so high even with a dividend cut ...

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Walgreens Q1: Dividend Cut Now What? (Rating Upgrade)

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Jan 10, 2024 · Walgreens recently reduced its dividend by 48%, highlighting the impact on dividend investors. Dividend cuts are bound to happen in long-term investments, but can …

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Walgreens Is Cutting Its Big-Time Dividend. Time To Buy The …

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Jan 5, 2024 · Walgreens Boots Alliance (WBA-3.52%) got the bad news out early in 2024. The pharmacy company is cutting its dividend by nearly 50%. That ended a streak of 47 years of …

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FAQs about Walgreens Doesn't Need to Cut Its Dividend, It Needs to … Coupon?

Why did Walgreens cut its dividend?

The health care giant said Thursday, Jan. 4, 2024 that reducing its quarterly payout to shareholders to 25 cents per share will help free up capital to spend growing its pharmacy and health care businesses. (AP Photo/Jae C. Hong) Walgreens is chopping its dividend nearly in half as the drugstore chain looks to strengthen its balance sheet. ...

Is Walgreens' new dividend a good thing?

It sounds awful, but here's why this seismic reduction in the payout may turn out to be a long-term good thing for the pharmacy retailer's shareholders. The new dividend for Walgreens investors will be $0.25 per share every quarter. That's a 48% reduction from the $0.48-per-share quarterly payment it was making last year. ...

Is Walgreens Boots Alliance's dividend cut a good thing?

Walgreens Boots Alliance (WBA 2.38%) recently announced a significant dividend cut, resulting in its future payout being reduced to nearly half of what it was. It sounds awful, but here's why this seismic reduction in the payout may turn out to be a long-term good thing for the pharmacy retailer's shareholders. ...

Is Walgreens slashing its dividend too much?

Fundamental Chart data by YCharts. By slashing its dividend nearly in half this year, Walgreens has reduced how much it needs to allocate to its recurring payouts, but it's still too much of a burden for the struggling company. In three of the past five quarters, Walgreens has reported negative free cash flow. ...

Should you buy Walgreens stock if dividend yield exceeds 10%?

Walgreens has incurred losses over multiple quarters, exacerbated by several one-time impairment losses. The company is shutting down stores in an effort to get out of the red. If the dividend yield for a stock you are considering exceeds 10%, you should be taking a long, hard look at the business to determine whether that payout is safe. ...

Does Walgreens pay more dividends than its free cash flow?

The big problem is that Walgreens doesn't have a big buffer between its free cash flow and what it pays out in dividends. Last quarter, that difference was negative, meaning that the company paid more out in dividends than what it generated in free cash flow. If this continues, it could be a troubling trend for the business. ...