Perrigo Company plc (NYSE:PRGO) Shareholders to Receive $0.29 Quarterly Dividend

Key Points

• Perrigo declared a quarterly dividend of $0.29 per share, payable December 15 to shareholders of record November 27. The payment equates to an annualized dividend of $1.16 and a 7.3% yield.
• The company has raised its dividend for 23 consecutive years, with a current earnings payout ratio of 35.5%; analysts expect the dividend to remain covered by projected earnings.
• Perrigo’s latest quarterly EPS of $0.50 exceeded estimates of $0.39, although revenue fell 3.1% year over year and the company reported a negative net margin.

Perrigo Company plc (NYSE:PRGO - Get Free Report) announced 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 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend 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 annually for the last 23 consecutive years. Perrigo has a payout ratio of 35.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

Perrigo stock opened at $15.85 on Friday. The company has a quick ratio of 1.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.31. Perrigo has a twelve month low of $9.23 and a twelve month high of $21.33. The company 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. The firm has a fifty day simple moving average of $14.78 and a two-hundred day simple moving average of $12.47.

Perrigo (NYSE:PRGO - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.11. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.02 billion. Perrigo had a negative net margin of 41.85% and a positive return on equity of 11.25%. The company's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.06) earnings per share. Perrigo has set its FY 2026 guidance at 2.250-2.550 EPS. Research analysts expect that Perrigo will post 2.17 EPS for the current year.

About Perrigo

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.

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