Walgreens Boots Alliance (WBA) suspended its dividend, a year after already cutting it in half. The move comes amid declining prescription drug reimbursement rates and softening consumer spending, leading to a 56% drop in share price over the past year. While companies can reinstate dividends, this suspension signals a cash flow problem and requires investors to reassess their income strategy.
Investors clinging to their Walgreens Boots Alliance shares got some bad news on the income front last week as the pharmacy chain suspended its dividend . The move comes about a year after Walgreens slashed its dividend roughly in half. It's been a rough go for the pharmacy chain. Shares have tanked 56% in the past 12 months as Walgreens contends with declining reimbursement rates for prescription drugs and softening consumer spending .
mountain Intel shares in the past year "It was one of the things that kept many investors holding on for the longest time: As long as the dividend gets paid, it can help you ride out the storm from a return standpoint," Abmeyer said. "If there is no light at the end of the tunnel, cut your losses and return to your original investment objective.
DIVIDEND INVESTING WALGREENS BOOTS ALLIANCE PHARMACY CASH FLOW
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