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In Need of a Turnaround: Will Walgreens' New CEO Cut or Spare Its High-Yield Dividend?

TheMotleyFool

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In Need of a Turnaround: Will Walgreens' New CEO Cut or Spare Its High-Yield Dividend?: https://g.foolcdn.com/editorial/images/751267/risk-diversification-safety.jpg

Tim Wentworth was named the new CEO of Walgreens Boots Alliance (NASDAQ: WBA), and will take over Oct. 23. He has a lot of work to do to cut costs and return Walgreens to growth. Can the dividend survive? In this video, Motley Fool contributors Jason Hall and Jeff Santoro discuss the company's strategy, plans to cut costs, and whether they think the dividend will have to get cut to fund the company's big initiatives.

*Stock prices used were from the afternoon of Oct. 12, 2023. The video was published on Oct. 17, 2023.

Source Fool.com

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