From Nasdaq:

Walgreens Boots Alliance (NASDAQ: WBA) cut its dividend by 48% in early January after 47 straight years of increases, narrowly missing the 50-year Dividend King status. Warning signs can help investors anticipate problems, such as slower dividend growth, rising yields, deteriorating earnings, or failed restructuring efforts. Walgreens saw a steady dividend growth decline and significant losses, leading to the dividend cut to preserve capital for its business transformation. Despite historic dividend growth, these signs were red flags that signaled the payout’s jeopardy. Investors should remain vigilant for these indicators in potential investments.



Read more: So Your Dividend King Just Lost Its Crown. These 4 Warning Signs Might Have Saved You.