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DEERFIELD, Ill. – Walgreens Boots Alliance announced today that its board of directors has suspended its quarterly cash dividend as part of a broader strategy to enhance financial stability and support its ongoing turnaround efforts.
The decision aims to strengthen WBA’s balance sheet by reducing debt and improving free cash flow. As the company focuses on a retail pharmacy-led transformation, it is prioritizing a sustainable economic model. Key considerations in this move include anticipated cash needs for litigation expenses and debt refinancing in the coming years.
WBA leadership reaffirmed its commitment to strategic execution and financial discipline, emphasizing that these measures will drive long-term value creation. This decision underscores the company’s adaptability to evolving market conditions and dedication to securing a stable financial foundation for future growth.