Walgreens Boots Alliance(WBA)
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NOBL: Walgreens Gets The Boot, But The Dividend Aristocrat Strategy Remains Flawed
Seeking Alpha· 2024-02-05 05:57
Bloomberg/Bloomberg via Getty Images Investment Thesis I last covered the ProShares S&P 500 Dividend Aristocrats ETF (BATS:NOBL) in December, reasoning that its stronger dividend metrics made it a better Dividend Aristocrats choice over KNGZ, which recently changed strategies. Still, the evidence indicates that its 25 years of consecutive dividend increases screen is insufficient to keep poor-quality stocks out, limiting its total return potential. Despite free cash flow margins stuck between 0-5% and t ...
Walgreens Partners With Colleges of Pharmacy to Advance the Pharmacy Profession
Businesswire· 2024-02-05 05:00
DEERFIELD, Ill.--(BUSINESS WIRE)--As a trusted, convenient local healthcare destination that millions of Americans rely on every day, Walgreens is expanding its long-standing relationships with colleges of pharmacy through the formation of the Walgreens Deans Advisory Council to enhance the pharmacy profession and better support pharmacists as they provide valuable care to their local communities. The new Council, consisting of 17 pharmacy school deans and Walgreens leadership, is sponsored by Rick Gates ...
Walgreens Boots Alliance Stockholders Elect Robert L. Huffines to Board of Directors
Businesswire· 2024-01-25 21:49
DEERFIELD, Ill.--(BUSINESS WIRE)--Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced the election of Robert L. (Robbie) Huffines to the company’s board of directors at its 2024 Annual Meeting of Stockholders. He joins the board as an independent director and will serve on the board’s Finance and Technology Committee. Huffines currently serves as Global Chairman of Investment Banking at J.P. Morgan Chase & Co., where he has guided healthcare companies for more than 30 years on strategy, mergers ...
Why A Walgreens Sale Of Shields Specialty Pharmacy Makes Little Sense
Forbes· 2024-01-24 06:00
News Walgreens Boots Alliance is considering the sale of its Shields Health Solutions specialty ... [+] pharmacy business would be unloading a lucrative operation with huge growth potential. Signage outside a Walgreens location in Louisville, Kentucky, U.S., on Thursday, March 24, 2022. Photographer: Luke Sharrett/Bloomberg© 2022 Bloomberg Finance LPNews Walgreens Boots Alliance is considering the sale of its Shields Health Solutions specialty pharmacy business would mean unloading a lucrative operation wit ...
Top Stock Picks for 2024: Walgreens Boots Alliance
Schaeffers Research· 2024-01-22 17:52
Every day for the next three weeks, we're going to highlight one of Schaeffer's top 12 picks for 2024. Next up, we have pharmacy stock Walgreens Boots Alliance Inc (NASDAQ:WBA) . To access the entirety of the 2024 report, click here.Drugstore megacorporation Walgreens Boots Alliance (WBA) took the title as the worst performing Dow stock for 2023, but may be the perfect pick for contrarians, as it now sports a dividend yield of 9.4%. This should be attractive in the new year for traders, as well the equity i ...
Will 3M's High-Yielding Dividend Face the Same Fate as Walgreens' Once-Mighty Payout?
The Motley Fool· 2024-01-21 11:01
This year marked the end of an era for Walgreens Boots Alliance (WBA -0.68%). The pharmacy and retail giant slashed its dividend by 48% to start this year, ending a streak of 47 straight years of increases. Before that reduction, the company had one of the highest dividend yields in the S&P 500 at around 7.5%. Walgreens' decision to throw in the towel on its long-standing dividend growth streak might make 3M (MMM 1.24%) investors nervous. The industrial giant also pays a big-time dividend (currently yieldin ...
Dividend Danger Zone: 3 High-Yield Stocks That Could Follow in Walgreens' Footsteps
InvestorPlace· 2024-01-17 20:19
Investing in high-yield dividend stocks is one of the best ways to accumulate wealth to fund your retirement. For the better part of a century, dividend-paying companies have far outperformed non-payers with less risk.However, not all dividend stocks are created equal. Investors ignore the warning signs they sometimes give off at their peril. Even if a company has a long track record of paying a dividend and raising the payout every year, it doesn’t mean it will continue to do so. Walgreens Boots Alliance ( ...
Walgreens Boots Alliance: Income Opportunity After Dividend Cut
Seeking Alpha· 2024-01-17 02:50
Justin Sullivan Walgreens Boots Alliance, Inc. (NASDAQ:WBA) announced fiscal first quarter earnings earlier this month. The struggling pharmacy retailer also announced that it was cutting its dividend nearly in half. While the company is projecting earnings decline in 2024, management and analysts are optimistic that a turnaround is coming. Based on the most recent financial data, I believe it is too early to buy Walgreens shares outright, but investors can set a lower entry point, and earn decent incom ...
Is a Turnaround Ahead for Walgreens?
GuruFocus· 2024-01-16 13:00
Walgreens Boots Allicance Inc. (WBA, Financial) recently completed a leadership transition with a new CEO. One of his first acts was to cut the dividend by 48%. Thus, the company, which has paid increasing dividends for 47 years, is no longer a "Dividend Aristocrat." New leader The new CEO of Walgreens is Tim Wentworth. He brings nearly three decades of health care leadership experience to the company, having recently served as the CEO of Evernorth, Cigna's (CI, Financial) health services platform, and prev ...
Walgreens Cut Its Dividend by 48%: Here Are 5 Better Dow Dividend Stocks to Buy in January
The Motley Fool· 2024-01-11 11:08
After cutting its dividend by 48%, Walgreens Boots Alliance (WBA -2.68%) is no longer the highest-yielding stock in the Dow Jones Industrial Average. But even after the cut, Walgreens yields 4%. And investors might be eyeing the stock as a potential turnaround play now that management has lowered one of its higher expenses and freed up cash to improve the business.However, weak fundamentals and declining earnings make Walgreens too risky for the potential reward. Here's why Apple (AAPL 0.57%), Procter & Gam ...