Walgreens: Another Dividend Cut Could Be Coming Soon (Rating Downgrade)

enot-poloskun Introduction Walgreens (NASDAQ:WBA) was once a stock I held in my portfolio, excited about the company's turnaround story they started a few years ago. But since then, it hasn't turned out to be great for the company as they have faced headwinds, forcing them to cut the dividend earlier this year. Moreover, during their recent earnings, WBA's cash flows have continued to face downward pressures. Putting into question their ability to pay future dividends, as free cash flow does not cover t ...