Perrigo Company plc (NYSE:PRGO) Shares to Pay Quarterly Dividend of $0.29

Perrigo Company plc (NYSE:PRGO) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Friday, November 27th will be given a dividend of $0.29 per share on Tuesday, December 15th. This represents a $1.16 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Friday, November 27th.

Perrigo has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 23 years. Perrigo has a payout ratio of 35.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Perrigo to earn $2.35 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 49.4%.

Perrigo Stock Down 0.4%

Perrigo stock opened at $15.85 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.32 and a quick ratio of 1.32. The company’s 50-day moving average is $14.78 and its 200-day moving average is $12.47. The firm has a market capitalization of $2.20 billion, a PE ratio of -1.27, a P/E/G ratio of 1.83 and a beta of 0.69. Perrigo has a fifty-two week low of $9.23 and a fifty-two week high of $21.33.

Perrigo (NYSE:PRGO) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Perrigo had a positive return on equity of 11.25% and a negative net margin of 41.85%. The company’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.06) EPS. Perrigo has set its FY 2026 guidance at 2.250-2.550 EPS. Sell-side analysts anticipate that Perrigo will post 2.17 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Sound Income Strategies LLC boosted its stake in shares of Perrigo by 3.9% in the third quarter. Sound Income Strategies LLC now owns 1,615,467 shares of the company’s stock worth $23,424,000 after buying an additional 60,838 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Perrigo by 25.5% during the 1st quarter. Bank of America Corp DE now owns 1,568,598 shares of the company’s stock worth $16,847,000 after purchasing an additional 318,248 shares during the period. First Trust Advisors LP boosted its holdings in Perrigo by 125.5% during the 1st quarter. First Trust Advisors LP now owns 1,496,244 shares of the company’s stock valued at $16,070,000 after acquiring an additional 832,686 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Perrigo by 29.7% during the first quarter. Gamco Investors INC. ET AL now owns 1,397,866 shares of the company’s stock worth $15,013,000 after acquiring an additional 320,081 shares during the period. Finally, ProShare Advisors LLC raised its holdings in Perrigo by 51.7% in the third quarter. ProShare Advisors LLC now owns 959,053 shares of the company’s stock valued at $14,156,000 after acquiring an additional 326,797 shares in the last quarter. 95.91% of the stock is owned by institutional investors.

Perrigo Company Profile

Perrigo Company plc is a global consumer self-care company that develops, manufactures and markets over-the-counter health products, wellness products and personal care items. Its portfolio includes products for allergy, pain relief, digestive health, skin care, smoking cessation, women’s health and other everyday health needs, along with vitamins, nutritional supplements and infant nutrition products.

Perrigo supplies products under its own brands, acquired brands and retailer-owned private-label labels.