Embattled drug chain Walgreens suspended the cash dividend, saying it needed cash due to litigation and debt refinancing.

While this sharp decline has nothing to do with sales performance, it is largely tied to Walgreens’ recent decision to suspend its dividend payouts.

Shares of Walgreens Boots Alliance dropped 10% Friday, after the pharmacy chain suspended quarterly dividends, citing the need for cash amid litigation and turnaround efforts. The Justice Department t ...

After the market close on Thursday, Walgreens announced its board is suspending its cash dividend as management continues to ...

Walgreens has struggled as foot traffic at its stores dwindle and pharmacy business faces slimmer reimbursement rates on ...