Walgreens stock is spiraling Friday after the pharmacy chain suspended its dividend amid continued turnaround plans. Here's ...

After an earnings-driven rally, Walgreens is back in the red as investors digest its decision to halt dividend payments.

Walgreens is suspending its quarterly dividend payments to stockholders as the company works to free up cash to reduce debt and fund its long-term turnaround.

Walgreens Boots Alliance ( WBA, Financials) stock fell 13.9% to $9.86 as of 11:03 a.m. GMT-5 on Friday following the ...

Shares of Walgreens Boots Alliance ($wBA) dropped nearly 6% on Thursday after it announced it won’t pay cash dividend to ...

Deerfield, Ill.-based Walgreens operates retail locations across the United States, Puerto Rico and the U.S. Virgin Islands.

Embattled drug chain Walgreens suspended the cash dividend, saying it needed cash due to litigation and debt refinancing.

Walgreens suspends its quarterly dividend for the first time in 92 years as it faces challenges in its financial turnaround effort.

The change is aimed at improving Walgreens’ finances by reducing debt over time and improving cash flow, the company said.

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