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Walgreens Just Slashed Its Dividend. Its Stock Is Rising.

Por: MarketWatch Business January 04, 2024

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Adjusted earnings were 66 cents a share, beating the 62 cents a share FactSet analyst consensus estimate, and down from $1.16 a share in the same quarter last year. Sales were $36.7 billion, slightly above the FactSet consensus estimate of $34.9 billion. The company announced a quarterly dividend of 25 cents a share, down from the last quarter’s dividend of 48 cents. Walgreens has paid a consistent dividend for the past 91 years. The stock had... + full article



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