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

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

Walgreens is suspending its quarterly dividend as the company works to “evaluate and refine its capital allocation policy" ...

Find out why Walgreens Boots Alliance (WBA) stock fell over 7% in extended trading and why the drugstore chain is suspending ...

Walgreens Boots Alliance has suspended its quarterly cash dividend amid restructuring efforts, the U.S. pharmacy chain ...

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

Walgreens suspends its quarterly dividend for the first time in 92 years as it faces challenges in its financial turnaround effort.