WBA - a dividend king steps down

Investment Analysis Clubs Dividend Growth Investing
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01/04
Walgreens Boots Alliance (WBA) announced Q1 2024 results that included a major dividend cut

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I have been predicting this dividend cut for more than a year.

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For the magnitude of the div cut, WBA share price did not seem to take as severe a hit as I expected. Maybe some element of a cut had already been factored in? Then again, if WBA gets dropped as a Dow component, shares will likely sell off.