Walgreens (WBA) Cuts Dividends
You may have heard that Walgreens Boots Alliance (WBA), a now former dividend aristocrat with a 48 year streak of annual dividend increases, has cut dividends. The company cut quarterly dividends from 48 cents/share to 25 cents/share.
The company had failed to raise dividends in 2023, which was one of the first signs that something off is going on. You can read the press release here: