Perrigo Company plc (PRGO) to Issue Quarterly Dividend of $0.19
Perrigo Company plc (NYSE:PRGO) declared a quarterly dividend on Thursday, February 15th, RTT News reports. Shareholders of record on Friday, March 2nd will be given a dividend of 0.19 per share on Tuesday, March 20th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.87%. This is a boost from Perrigo’s previous quarterly dividend of $0.16.
Perrigo has increased its dividend by an average of 15.1% annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Perrigo has a dividend payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Perrigo to earn $5.32 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 12.0%.
Perrigo (NYSE PRGO) traded up $0.88 during trading on Thursday, hitting $87.54. 72,440 shares of the company’s stock were exchanged, compared to its average volume of 941,186. Perrigo has a 12-month low of $63.68 and a 12-month high of $95.93. The company has a market capitalization of $12,085.54, a price-to-earnings ratio of -9.54, a price-to-earnings-growth ratio of 1.83 and a beta of 0.76. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.72 and a quick ratio of 1.24.
In related news, VP Todd W. Kingma sold 1,500 shares of the firm’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $88.52, for a total transaction of $132,780.00. Following the completion of the sale, the vice president now owns 19,565 shares in the company, valued at $1,731,893.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Wesolowski acquired 700 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were bought at an average price of $85.80 per share, with a total value of $60,060.00. The disclosure for this purchase can be found here. Insiders have sold 3,838 shares of company stock worth $336,784 over the last three months. 6.90% of the stock is owned by insiders.
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Perrigo Company plc is a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, animal health, dietary supplements, active pharmaceutical ingredients (API), and medical diagnostic products, and Multiple Sclerosis drug Tysabri.
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