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Walgreens is suspending its quarterly dividend as the company works to “evaluate and refine its capital allocation policy" ...

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Walgreens suspends its quarterly dividend for the first time in 92 years as it faces challenges in its financial turnaround effort.

The company said Thursday that management continues to "evaluate and refine" the chain's capital allocation policy in light of its long-term turnaround efforts. Halting the dividend is aimed at ...