Is Another Big Dividend Cut Coming for Walgreens in January?

Pharmacy retailer Walgreens Boots Alliance (NASDAQ: WBA) was once seen as a safe dividend stock. Those days are long gone.In just the past three years, the stock has lost more than 80% of its value. And it not only stopped a decades-long streak of increasing its payouts but also slashed its dividend along the way. The company is in the midst of a turnaround and is considering asset sales and aggressive cost-cutting to try to shore up its business.Things have gone from bad to worse for the healthcare stock as it struggles to find a way out of its current tailspin. The question many investors who are still hanging on may be asking is that with its yield at more than 10%, could another dividend cut be coming?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool