Walgreens stock plunges after dr-gstore chain slashes quarterly dividend nearly in half.
It also marks the company’s first dividend cut in nearly five decades
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I have some deck chairs for sale. I also have consulting services that provide advice on rearranging them.
Who in Walgreen’s brain trust can I contact?
Working for a call center that supports the store pharmacy, it seems that many of our pharmacies are in chaos mostly due to short staffing. Lots of dissatisfied callers asking to speak with over-worked and burned out pharmacy staff. Pharmacy does not have time to answer phone calls so the caller hangs up or the call drops and they end up calling us back multiple times with no resoluution. When the store pharmacies don't function, we aren't much help either. We cannot answer a caller's question accurately unless the pharmacy is functioning like its supposed to. Maybe some of the dividend savings could go toward proper staffing.
objectively, dividend cut is a good thing for the longevity of the company. Now what they do with the added cashflow...we'll see.