Primo Brands Corporation (NYSE:PRMB – Get 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.
About Primo Brands
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.
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