Walgreens Suspends Quarterly Dividend Amid Turnaround Efforts

A sign sits in front of a Walgreens store on November 10, 2023 in Wheeling, Illinois. (Photo by ... [+] Scott Olson/Getty Images)Getty ImagesWalgreens Boots Alliance is suspending its quarterly cash dividend as the company works to “evaluate and refine its capital allocation policy" to free up cash for debt financing, litigation needs and to fund the company’s “broader long-term turnaround,” the company said.The drugstore giant, which is already in the early stages of closing more than 1,200 stores, announc ...