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

Primo Brands Corporation (NYSE:PRMB) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, August 24th will be paid a dividend of 0.12 per share on Tuesday, September 8th. This represents a c) dividend on an annualized basis 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 Stock Down 2.4%

Shares of PRMB stock traded down $0.56 during trading hours on Wednesday, reaching $22.98. The company had a trading volume of 2,303,949 shares, compared to its average volume of 4,584,040. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 164.15, a price-to-earnings-growth ratio of 1.93 and a beta of 0.73. 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 12 month low of $14.36 and a 12 month high of $28.48. The business has a fifty day simple moving average of $24.04 and a 200-day simple moving average of $21.37.

Primo Brands (NYSE:PRMB) last released 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). The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Primo Brands had a net margin of 0.88% and a return on equity of 13.98%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 earnings per share. On average, research analysts expect that Primo Brands will post 1.25 earnings per share for the current fiscal year.

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.