What's Going On With Walgreens Shares Friday?

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) shares are moving lower on Friday after the company announced on Thursday that it suspended its quarterly dividend.

What To Know: The company announced it is halting its quarterly dividend while the management team reviews and adjusts its capital allocation strategy to match the company’s broader long-term recovery efforts.

The goal is to enhance Walgreen’s financial position by prioritizing debt reduction and improving free cash flow. Furthermore, the company’s cash needs over the next several years, including those related to ...

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