Pharmacy chain Walgreens cuts dividend to save cash, shares slump

Walgreens Boots Alliance (WBA.O) on Thursday nearly halved its dividend payout as it attempts to conserve cash amid low consumer spending and intense competition, sending the U.S. pharmacy chain’s shares down 11%.

Read more here: https://www.reuters.com/business/retail-consumer/walgreens-beats-q1-profit-estimates-core-business-strength-cuts-dividend-2024-01-04/