financetom
Business
financetom
/
Business
/
Walgreens Boots Alliance Shares Slide As Board Suspends Dividend
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Walgreens Boots Alliance Shares Slide As Board Suspends Dividend
Jan 30, 2025 3:04 PM

Walgreens Boots Alliance Inc ( WBA ) shares are falling in extended trading Thursday after the company suspended its quarterly dividend.

What Happened: After the market close on Thursday, Walgreens announced its board is suspending its cash dividend as management continues to evaluate its capital allocation policy as part of a longer-term turnaround strategy.

The suspended dividend is expected to help strengthen the company’s balance sheet by reducing debt over time and improving free cash flow.

“The company’s cash needs over the next several years, including with respect to litigation and debt refinancing, were important considerations as part of the decision to suspend the dividend,” the company said.

“WBA leadership remains focused on successfully executing against its strategic priorities and maintaining financial discipline, which it believes will deliver sustained value creation over the long term.”

How To Buy WBA Stock

By now you're likely curious about how to participate in the market for Walgreens — be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading — either way it allows you to profit off of the share price decline.

WBA Price Action: Walgreens shares were down 7.77% after-hours, trading at $10.52 at the time of publication Thursday, according to Benzinga Pro.

Read Next:

Apple Q1 Earnings: Revenue Beat, EPS Beat, iPhone Sales Slip, Installed Base Climbs To All-Time High — ‘Our Best Quarter Ever’

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Porsche AG posts Q1 profit drop on ramp-up costs
Porsche AG posts Q1 profit drop on ramp-up costs
Apr 26, 2024
FRANKFURT (Reuters) -Porsche on Friday reported a 30% drop in first-quarter operating profit, citing higher investments in what the German luxury carmaker has called its biggest year of product launches in history. Operating profit in the first three months of 2024 came in at 1.28 billion euros ($1.37 billion), in line with an LSEG estimate, while sales for the period...
Why Vincerx Pharma (VINC) Stock Is Falling
Why Vincerx Pharma (VINC) Stock Is Falling
Apr 26, 2024
Vincerx Pharma Inc ( VINC ) shares are trading lower by 9.7% to $0.81 during Friday’s session after the company priced an underwritten public offering, including 6 million shares of common stock with accompanying warrants to purchase the same number of shares, and pre-funded warrants for up to 16 million shares with accompanying warrants for the same amount. The combined...
Why Is HCA Healthcare Stock Trading Lower On Friday?
Why Is HCA Healthcare Stock Trading Lower On Friday?
Apr 26, 2024
HCA Healthcare Inc ( HCA ) reported on Friday its first-quarter revenues of $17.34 billion, up from $15.59 billion a year ago, beating the consensus of $16.78 billion. The hospital chain reported adjusted EPS of $5.36, up from $4.93 a year ago, beating the consensus of $5.36. “The strong fundamentals we saw in our business this past year continued into the first quarter...
Exponent Shares Jump After Q1 Earnings Beat
Exponent Shares Jump After Q1 Earnings Beat
Apr 26, 2024
11:31 AM EDT, 04/26/2024 (MT Newswires) -- Exponent (EXPO) shares rose 23.4% in recent Friday trading after the company reported fiscal Q1 earnings late Thursday of $0.59 per diluted share, up from $0.56 a year earlier. Three analysts polled by Capital IQ expected $0.47. Revenue before reimbursements for the quarter ended March 29 was $137.2 million, compared with $128.7 million...
Copyright 2023-2025 - www.financetom.com All Rights Reserved