New Walgreens CEO Needs to Cut the Dividend

There’s lots to fix at Walgreens Boots Alliance the struggling pharmacy chain whose shares are down nearly 40% this year. Once newly announced Chief Executive Officer Tim Wentworth hires a chief financial officer, his team will need to move quickly to regain trust with investors. One thing they will likely have to do is cut the company’s dividend, marking the end of an era for a company that has long been a member of the vaunted S&P 500 Dividend Aristocrats Index.