Perrigo Company PLC (PRGO) To Go Ex-Dividend on August 27th

Perrigo Company PLC (NYSE:PRGO) announced a quarterly dividend on Wednesday, July 29th, RTT News reports. Shareholders of record on Friday, August 28th will be paid a dividend of 0.225 per share on Tuesday, September 15th. This represents a $0.90 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, August 27th.

Perrigo has raised its dividend by an average of 41.4% per year over the last three years and has increased its dividend every year for the last 17 years. Perrigo has a dividend payout ratio of 22.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Perrigo to earn $4.35 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 20.7%.

Shares of PRGO opened at $54.78 on Friday. The business’s 50-day moving average is $55.14 and its two-hundred day moving average is $53.71. The company has a market capitalization of $7.73 billion, a P/E ratio of 13.83, a P/E/G ratio of 13.95 and a beta of 1.20. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.86. Perrigo has a fifty-two week low of $40.01 and a fifty-two week high of $63.86.

Perrigo (NYSE:PRGO) last posted its earnings results on Thursday, April 30th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. Perrigo had a net margin of 3.77% and a return on equity of 9.72%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the company posted $1.07 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Analysts forecast that Perrigo will post 4.06 EPS for the current year.

PRGO has been the topic of several recent analyst reports. TheStreet raised shares of Perrigo from a “c+” rating to a “b-” rating in a research note on Thursday, July 23rd. Argus lowered shares of Perrigo from a “buy” rating to a “hold” rating in a research note on Friday, April 17th. ValuEngine lowered shares of Perrigo from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Morgan Stanley lowered their target price on shares of Perrigo from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 2nd. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Perrigo in a research note on Sunday, June 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $58.43.

About Perrigo

Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products. The company operates through Consumer Healthcare Americas, Consumer Healthcare International, and Prescription Pharmaceuticals segments.

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Dividend History for Perrigo (NYSE:PRGO)

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