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Shares of Walgreens Boots Alliance dropped 10% Friday, after the pharmacy chain suspended quarterly dividends, citing the need for cash amid litigation and turnaround efforts. The Justice Department t ...

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While this sharp decline has nothing to do with sales performance, it is largely tied to Walgreens’ recent decision to suspend its dividend payouts.

Sycamore Partners has been speaking with private credit firms about debt financing for a potential deal, despite an earlier report that takeover talks had stalled.

The decision is aimed at boosting cash flow and reducing debt as it faces an opioid lawsuit from the Department of Justice.

After an earnings-driven rally, Walgreens is back in the red as investors digest its decision to halt dividend payments.

A payout streak going back nearly 370 quarters will end when Walgreens suspends its dividend. Some on the Street figured this would happen so the company could have more cash at its disposal. My story ...

Walgreens stock is spiraling Friday after the pharmacy chain suspended its dividend amid continued turnaround plans. Here's ...

Walgreens suspends its quarterly dividend for the first time in 92 years as it faces challenges in its financial turnaround effort.