Walgreens Suspends Quarterly Dividend Amid Turnaround Efforts
1. Walgreens suspends quarterly cash dividend to strengthen its balance sheet. 2. Company aims to reduce debt and improve cash flow amid restructuring efforts. 3. WBA has already begun closing over 1,200 stores as part of strategic plan. 4. Recent earnings report showed wider net loss, highlighting ongoing financial challenges. 5. Speculation around a private equity buyout remains unconfirmed by Walgreens management.