Is a Turnaround Ahead for Walgreens?
Walgreens Boots Alliance(WBA) GuruFocus·2024-01-16 21:00
Walgreens Boots Allicance Inc. (WBA, Financial) recently completed a leadership transition with a new CEO. One of his first acts was to cut the dividend by 48%. Thus, the company, which has paid increasing dividends for 47 years, is no longer a "Dividend Aristocrat." New leader The new CEO of Walgreens is Tim Wentworth. He brings nearly three decades of health care leadership experience to the company, having recently served as the CEO of Evernorth, Cigna's (CI, Financial) health services platform, and prev ...