After an earnings-driven rally, Walgreens is back in the red as investors digest its decision to halt dividend payments. Walgreens Boots Alliance, Inc. investors have had a wild 2025 so far. Earlier this month,

Shares of Walgreens dove early Friday, a day after the drugstore chain said it was suspending its dividend, breaking a streak of quarterly shareholder payouts that stretches back more than 90 years.

Walgreens is suspending its quarterly dividend payments to stockholders as the company works to free up cash to reduce debt and fund its long-term turnaround.