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The Independent UK
The Independent UK
National
Tom Murphy

Drugstore chain Walgreens cuts quarterly dividend to get more cash to grow its business

Walgreens
Copyright 2023 The Associated Press. All rights reserved

Walgreens is chopping its dividend nearly in half as the drugstore chain looks to strengthen its balance sheet.

The health care giant said Thursday that reducing its quarterly payout to shareholders to 25 cents per share will help free up capital to spend growing its pharmacy and health care businesses.

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