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 >
After Toronto plane crash, Delta says 19 out of 21 passengers released from hospitals
After Toronto plane crash, Delta says 19 out of 21 passengers released from hospitals
Feb 18, 2025
Feb 18 (Reuters) - Delta Air Lines ( DAL ) said on Tuesday that 19 out of the 21 passengers transported to local hospitals after a Toronto plane crash a day earlier have been released, as officials continue a probe into why the regional jet flipped over upon landing. Investigators from Canada's Transportation Safety Board (TSB) are leading the probe...
Longeveron Cellular Therapy Granted International Non-Proprietary Name
Longeveron Cellular Therapy Granted International Non-Proprietary Name
Feb 18, 2025
10:23 AM EST, 02/18/2025 (MT Newswires) -- Longeveron ( LGVN ) said Tuesday that the World Health Organization approved laromestrocel for the non-proprietary name of the company's Lomecel-B cellular therapy. The US Food and Drug Administration granted Lomecel-B regenerative medicine advanced therapy designation and fast track designation to treat mild Alzheimer's disease, and orphan drug designation, fast track designation, and...
Apple's Launch of iPhone SE4 Not Seen Impacting Revenue Guidance, UBS Says
Apple's Launch of iPhone SE4 Not Seen Impacting Revenue Guidance, UBS Says
Feb 18, 2025
10:22 AM EST, 02/18/2025 (MT Newswires) -- Apple ( AAPL ) 's launch of the fourth generation of the iPhone SE this week has most likely been taken into account in the company's revenue guidance for the March quarter, UBS said in a Sunday note. UBS analysts said that the average selling price of the iPhone could decline mid-single digits...
-- Definity Financial Brief: BMO Says Operating EPS estimates unchanged post a
-- Definity Financial Brief: BMO Says Operating EPS estimates unchanged post a "Modest" Q4 2024 operating EPS beat on better underwriting income
Feb 18, 2025
10:22 AM EST, 02/18/2025 (MT Newswires) -- Price: 60.29, Change: -1.37, Percent Change: -2.22 ...
Copyright 2023-2025 - www.financetom.com All Rights Reserved