Walgreens Stock Tumbles on Dividend Suspension

KEY TAKEAWAYSWalgreens Boots Alliance shares are sinking in premarket trading, as the pharmacy chain suspends quarterly dividends to shore up its finances while it works to turnaround its business.The company said it needs to conserve cash to cope with legal challenges and refinance its debt.Walgreens shares are trading down more than 10% in premarket trading and have lost around half their value in the past year through Thursday. Walgreens Boots Alliance (WBA) shares are sinking in premarket trading, as th ...