HomeTechFAANGWalgreens (WBA) Shares Fall After Dividend Slash

Walgreens (WBA) Shares Fall After Dividend Slash

Walgreens (WBA) shares fall after the company slashes its dividend. Walgreen’s 1Q adjusted EPS came in at $0.66 versus an estimated $0.66 and its revenue came in at $36.71B versus an estimated $34.92B. Brian Tanquilut and Sandra Cho discuss this story as Walgreens cuts its quarterly dividend to $0.25 which is down 48% from the previous quarter. Cho highlights that the dividend cut will help shore up cash reserves. Tune in to find out more about the stock market today.

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04 Jan 2024

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