Primo Brands Corporation (NYSE:PRMB) Declares $0.12 Quarterly Dividend

Primo Brands Corporation (NYSE:PRMBGet Free Report) announced a quarterly dividend on Wednesday, April 29th. Shareholders of record on Thursday, June 4th will be paid a dividend of 0.12 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, June 4th.

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

Primo Brands Stock Down 1.9%

Shares of PRMB traded down $0.38 during mid-day trading on Wednesday, reaching $19.31. The company’s stock had a trading volume of 3,022,225 shares, compared to its average volume of 5,440,050. Primo Brands has a 12-month low of $14.36 and a 12-month high of $33.70. The stock has a market cap of $7.01 billion, a PE ratio of 128.76, a price-to-earnings-growth ratio of 1.60 and a beta of 0.65. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.95 and a quick ratio of 0.78. The company’s 50 day moving average is $19.99 and its 200 day moving average is $18.78.

Primo Brands (NYSE:PRMBGet Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. Primo Brands had a return on equity of 14.52% and a net margin of 0.90%.The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the business posted $0.13 EPS. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. Equities analysts anticipate that Primo Brands will post 1.28 EPS 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.

See Also

Dividend History for Primo Brands (NYSE:PRMB)

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