Primo Brands Corporation (PRMB) to Issue Quarterly Dividend of $0.12 on September 8th

Primo Brands Corporation (NYSE:PRMBGet Free Report) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Monday, August 24th will be given a dividend of 0.12 per share on Tuesday, September 8th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, August 24th.

Primo Brands has decreased its dividend by an average of 0.0%annually over the last three years.

Primo Brands Stock Performance

Primo Brands stock opened at $23.15 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.71. The stock has a market cap of $8.39 billion, a PE ratio of 89.04, a P/E/G ratio of 1.59 and a beta of 0.74. Primo Brands has a 12-month low of $14.36 and a 12-month high of $26.21. The business’s 50-day moving average price is $24.00 and its two-hundred day moving average price is $21.97.

Primo Brands (NYSE:PRMBGet Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Primo Brands had a net margin of 1.49% and a return on equity of 14.24%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. As a group, analysts expect that Primo Brands will post 1.27 earnings per share for the current fiscal year.

About Primo Brands

(Get Free Report)

Primo Brands (NYSE: PRMB) is a consumer packaged beverage company that was established as an independent entity following a corporate spin‐off in 2023. The company specializes in the production, marketing and distribution of a broad portfolio of bottled water products, including purified, mineral and sparkling varieties. Through its focus on quality control and innovation, Primo Brands aims to deliver clean, great-tasting water in formats tailored to both at-home consumption and on-the-go lifestyles.

Its product range spans multi-serve and single-serve bottles, aluminum cans and other eco-friendly packaging solutions.

Further Reading

Dividend History for Primo Brands (NYSE:PRMB)

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