Walgreens has sold more shares of drug distributor Cencora for proceeds of about $300 million, “primarily for debt paydown ...

U.S. drugstore chain Walgreens Boots Alliance said on Thursday it has sold more shares in drug distributor Cencora for ...

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

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

U.S.-based pharmacy chain Walgreens Boots Alliance (WBA) suspended its long-standing dividend to preserve cash and prioritize ...

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

The move is the latest sign that the pharmacy chain is struggling to cut costs, improve margins and find stability.

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.

The decision aims to boost cash flow and reduce debt as it faces an opioid lawsuit from the Department of Justice.

Walgreens Boots Alliance has suspended its quarterly cash dividend amid restructuring efforts, the U.S. pharmacy chain ...