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Business & Economics

Walgreens suspends dividend, breaking 90-plus year streak of shareholder payouts

Associated Press News
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Walgreens has been dealing with thin prescription reimbursement, rising costs, persistent theft and inflation-sensitive shoppers.

The company is in the early stages of a plan to close 1,200 of its roughly 8,500 U.S. locations.

There were only two dividend suspensions last year in the S&P 500, including one from Intel .