Walgreens earnings: First quarter profits up on an adjusted basis, but drug store chain slashes dividend

Walgreens earnings: First quarter profits up on an adjusted basis, but drug store chain slashes dividend

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stock was down about 2% in pre-market trading on the news that the company is cutting its dividend by 48% to 25 cents a share, from 48 cents a share, for the fiscal first quarter of 2024. New CEO Tim Wentworth, formerly the CEO of pharmacy benefits manager Express Scripts (CI), said the move was a…

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