The drugstore chain said late Thursday that it made the decision in an effort to strengthen its balance sheet and improve ...

The decision aims to boost cash flow and reduce debt as it faces an opioid lawsuit from the Department of Justice.

In yet another move to pay down debt that matures in 2026, Walgreens Boots Alliance announced last night it would receive ...

Walgreens stock is spiraling Friday after the pharmacy chain suspended its dividend amid continued turnaround plans. Here's ...

Walgreens is suspending its quarterly dividend payments to stockholders as the company works to free up cash to reduce debt and fund its long-term turnaround.

The move is the latest sign that the pharmacy chain is struggling to cut costs, improve margins and find stability.

After an earnings-driven rally, Walgreens is back in the red as investors digest its decision to halt dividend payments.

(Bloomberg) -- Walgreens ... flow. “Cash needs over the next several years,” including litigation and debt financing, were also important considerations, Walgreens said Thursday in a statement.

Walgreens WBA0.70%increase ... strengthen its balance sheet by reducing debt over time and generating free cash flow.

Walgreens shares sank Friday ... the decision in an effort to strengthen its balance sheet and improve free cash flow as company leaders try to turn around the struggling business.