Walgreens Cut Its Dividend by 48%: Here Are 5 Better Dow Dividend Stocks to Buy in January

After cutting its dividend by 48%, Walgreens Boots Alliance (NASDAQ: WBA) is no longer the highest-yielding stock in the Dow Jones Industrial Average. But even after the cut, Walgreens yields 4%. And investors might be eyeing the stock as a potential turnaround play now that management has lowered one of its higher expenses and freed up cash to improve the business.

However, weak fundamentals and declining earnings make Walgreens too risky for the potential reward. Here's why Apple (NASDAQ: AAPL), Procter Gamble (NYSE: PG), Johnson Johnson (NYSE: JNJ), Walmart (NYSE: WMT), and Chevron (NYSE: CVX) are five better Dow dividend stocks to buy now.