Walgreens Boots Alliance Just Cut Its Dividend: Here Are 2 Companies That Won't
If there is one thing income investors hate, it's when a company decides to slash or suspend its dividend. Yes, sometimes the business requires it, but that's cold comfort for those who count on regular and rising payouts. Recently, the leading pharmacy chain Walgreens Boots Alliance (NASDAQ: WBA) made the difficult decision to decrease its dividend by 48%, much to the dismay of investors.
The company's financial position arguably justifies the move, but what about investing in a stock whose underlying business is unlikely to make such a decision necessary? Here are two such stocks: Johnson Johnson (NYSE: JNJ) and Microsoft (NASDAQ: MSFT).
Johnson Johnson has problems of its own. In 2022, the Inflation Reduction Act (IRA) was enacted into law in the U.S. Among other things, it will seek to make some drugs more affordable by allowing the government to negotiate better prices for them.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 106 Buy predictions and 1 Sell predictions.
With a target price of 420 € there is a slightly positive potential of 7.2% for Microsoft Corp. compared to the current price of 391.8 €.
