Is Walgreens Boots Alliance's Dividend Still Safe?
WBAWalgreens Boots Alliance(WBA) The Motley Fool·2024-04-07 17:35

Just because Walgreens' dividend yield is lower doesn't mean the payout is secure. At the start of 2024, Walgreens Boots Alliance (WBA 0.79%) made a big move, announcing that it would be slashing its dividend by 48%. While it was bad news for income investors relying on the dividend, it was a decision that shouldn't have come as too big of a surprise given the company's lackluster earnings results and poor financials. But given the stock's struggles, Walgreens' dividend yield remains high at around 5%. The ...