Walgreens (WBA) shares fall after the company slashes its dividend. Walgreen’s 1Q adjusted EPS came in at $0.66 versus an estimated $0.66 and its revenue came in at $36.71B versus an estimated $34.92B. Brian Tanquilut and Sandra Cho discuss this story as Walgreens cuts its quarterly dividend to $0.25 which is down 48% from the previous quarter. Cho highlights that the dividend cut will help shore up cash reserves. Tune in to find out more about the stock market today.
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