Primo Brands Corporation (PRMB) to Issue Quarterly Dividend of $0.12 on March 23rd

Primo Brands Corporation (NYSE:PRMB) declared a quarterly dividend on Thursday, February 19th. Stockholders of record on Friday, March 6th will be given a dividend of 0.12 per share on Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, March 6th. This is a 20.0% increase from Primo Brands’s previous quarterly dividend of $0.10.

Primo Brands has raised its dividend payment by an average of 0.2%annually over the last three years.

Primo Brands Trading Up 0.7%

PRMB stock opened at $23.00 on Wednesday. Primo Brands has a 12 month low of $14.36 and a 12 month high of $35.85. The firm’s 50-day moving average is $18.64 and its 200 day moving average is $19.81. The company has a market capitalization of $8.36 billion, a PE ratio of 153.33, a P/E/G ratio of 1.65 and a beta of 0.61. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.02 and a quick ratio of 0.86.

Primo Brands (NYSE:PRMB) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.06. Primo Brands had a return on equity of 14.24% and a net margin of 0.90%.The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the prior year, the firm earned $0.13 earnings per share. Primo Brands’s revenue was up 11.2% compared to the same quarter last year. On average, research analysts anticipate that Primo Brands will post 1.13 EPS for the current year.

Primo Brands Company Profile

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.