Walgreens Boots Alliance (WBA) Suspends Quarterly Dividend

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Go back to Walgreens Boots Alliance (WBA) Suspends Quarterly Dividend

Walgreens Boots Alliance Suspends Quarterly Dividend as Company Continues Disciplined Execution Against Strategic Priorities

January 30, 2025 4:55 PM EST

DEERFIELD, Ill.--(BUSINESS WIRE)-- Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced that its board of directors is suspending the companys cash dividend historically paid to stockholders on a quarterly basis, as management continues to evaluate and refine its capital allocation policy consistent with the companys broader long-term turnaround efforts.

This change in capital allocation is aimed at strengthening WBAs balance sheet by reducing debt over time and improving free cash flow, as the company works toward achieving a retail pharmacy-led turnaround underpinned by a sustainable economic... More