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

KEY TAKEAWAYS Walgreens Boots Alliance shares sank Friday after the pharmacy chain suspended its quarterly dividend to shore ...

Shares of Walgreens dove early Friday, a day after the drugstore chain said it was suspending its dividend, breaking a streak ...

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

The change is aimed at improving Walgreens’ finances by reducing debt over time and improving cash flow, the company said.

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.

Walgreens shares sank Friday, a day after the drugstore chain said it was suspending its dividend, breaking a streak of quarterly shareholder payouts that stretches back more than 90 years.

Finance. Walgreens Boots Alliance Inc., the well-known American pharmacy chain, has decided to suspend its quarterly dividend, a move that aims to realign its financial strategy amidst ongoing ...

This story incorporates reporting from Orlando Sentinel, Business Insider, Retail Dive, Yahoo and YAHOO!Finance.Walgreens Boots Alliance Inc., the well-known American pharmacy chain, has decided to ...