5 Dividend Aristocrats That Slashed Their Dividends

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1. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Date Removed from S&P Dividend Aristocrats: 2024

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) tops our list of dividend aristocrats that slashed their dividends. The global pharmacy-led health and well-being company significantly reduced its dividend to $0.25 on January 4, nearly cutting it in half. This decision comes after a remarkable track record of consistently increasing dividends for 47 consecutive years. As of January 15, the stock has a dividend yield of 4.30%.

At the end of Q3 2023, 31 hedge funds in Insider Monkey’s database owned stakes in Walgreens Boots Alliance, Inc. (NASDAQ:WBA), worth nearly $460 million.

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