After an earnings-driven rally, Walgreens is back in the red as investors digest its decision to halt dividend payments. Walgreens Boots Alliance, Inc. investors have had a wild 2025 so far. Earlier this month,

KEY TAKEAWAYS Walgreens Boots Alliance shares sank Friday after the pharmacy chain suspended its quarterly dividend to shore up its finances while it works to turn around its business.The company said it needs to conserve cash to cope with legal challenges and refinance its debt.

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

Walgreens Boots Alliance Inc. tumbled Friday after suspending the quarterly dividend it’s paid for the past 92 years in a bid to conserve cash and revive the business.Most Read from BloombergHow the 2

U.S.-based pharmacy chain Walgreens Boots Alliance (WBA) suspended its long-standing dividend to preserve cash and prioritize its turnaround

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

This is apparently happening to Walgreens Boots Alliance (NASDAQ: WBA), according to a media report. CNBC's David Faber reported live and on-air that unnamed sources told him that a looming arrangement between Walgreens and private equity firm Sycamore Partners for the latter to buy the former is "mostly dead.