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February 3, 2025

Walgreens suspends dividend, breaking 90-plus year streak of shareholder payouts

By TOM MURPHY
AP Health Writer

Walgreens shares sank Friday, a day after the drugstore chain said it was suspending its dividend, breaking a streak of quarterly shareholder payouts that stretches back more than 90 years.

The drugstore chain said late Thursday that it made the decision in an effort to strengthen its balance sheet and improve free cash flow as company leaders try to turn around the struggling business.


 
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