Josh Nathan-Kazis
Josh Nathan-Kazis is a reporter at Barron's, covering the healthcare industry. He was previously a staff writer at The Forward where he investigated nonprofits and covered local and national politics as well as wrote about institutions in the American Jewish community.
64%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
85%
Examples:
- Shares of Walgreens Boots Alliance fell by more than 10%
- the pharmacy chain said it is cutting its quarterly dividend by nearly half.
Conflicts of Interest
50%
Examples:
No current examples available.
Contradictions
100%
Examples:
- The title implies that Walgreens has made a permanent change to its dividend policy when in fact it's only cutting it for one quarter.
Deceptions
50%
Examples:
- The title implies that Walgreens has made a permanent change to its dividend policy when in fact it's only cutting it for one quarter.
Recent Articles
Walgreens Slashes Dividend to Strengthen Balance Sheet
Broke On: Thursday, 04 January 2024Walgreens Boots Alliance reported first-quarter earnings and revenue that topped expectations. The company announced a dividend cut of 48% to $0.25 per share, marking the first time in nearly five decades that Walgreens has cut its dividend. Adjusted earnings were $0.66 per share, surpassing analysts' estimates and seeing an increase in sales by 10% year-over-year to $36.7 billion. Despite the positive earnings report, Walgreens Boots Alliance still faces challenges such as a higher tax rate and lower COVID-19 contribution.