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

Primo Brands Corporation (NYSE:PRMBGet Free Report) declared 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%per year over the last three years.

Primo Brands Trading Down 2.4%

Shares of PRMB stock opened at $22.98 on Thursday. The company’s fifty day simple moving average is $24.05 and its two-hundred day simple moving average is $21.41. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.98 and a quick ratio of 0.79. Primo Brands has a 1 year low of $14.36 and a 1 year high of $28.48. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 164.15, a PEG ratio of 1.99 and a beta of 0.73.

Primo Brands (NYSE:PRMBGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Primo Brands had a return on equity of 13.98% and a net margin of 0.88%.The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the business earned $0.29 earnings per share. Primo Brands’s revenue was up .8% on a year-over-year basis. As a group, analysts anticipate that Primo Brands will post 1.25 earnings per share for the current 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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