Walgreens Boots Alliance shares tumble on dividend suspension
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Walgreens Boots Alliance shares fell over 12% after suspending its quarterly dividend to conserve cash. The company is under financial pressure due to a lawsuit from the US Department of Justice and the need to refinance its debt.
January 31, 2025 | 4:45 pm
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Walgreens Boots Alliance shares dropped over 12% following the suspension of its quarterly dividend. The company is facing financial challenges, including a DOJ lawsuit and debt refinancing needs.
The suspension of dividends is a significant negative signal to investors, indicating financial strain. The DOJ lawsuit and debt refinancing add to the company's challenges, likely leading to a negative short-term impact on the stock price.
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IMPORTANCE 90
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