Walgreens Slashes Dividend: A Postmortem
Walgreens Boots Alliance(WBA) Seeking Alpha·2024-01-04 22:30
Justin Sullivan Walgreens Boots Alliance, Inc. (NASDAQ:WBA) has just perhaps committed the cardinal sin that dividend investors may never forgive. Especially, as the company was so close to achieving a legendary milestone. The struggling drug retail giant has just announced a nearly 50% haircut to its dividend as Seeking Alpha has covered here. Although I don't own a position in this stock, it hurts to see a dividend cut anytime, especially from a company that had a dividend growth streak of 47 years ah ...