Will 3M's High-Yielding Dividend Face the Same Fate as Walgreens' Once-Mighty Payout?
The Motley Fool
JANUARY 21, 2024
Walgreens' financial issues led the company to take additional action to shore up its cash flow and balance sheet in 2024 by slashing its dividend. The move will save the company $800 million annually, which it can use to fund growth capital investments and repay debt. Is 3M in a similar predicament?
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