Primo Brands Co. (NYSE:PRMB – Get Free Report) declared a quarterly dividend on Friday, November 8th,NASDAQ Dividends reports. Shareholders of record on Friday, November 22nd will be paid a dividend of 0.09 per share on Thursday, December 5th. This represents a $0.36 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, November 22nd.
Primo Brands Stock Performance
Shares of PRMB opened at $28.29 on Thursday. Primo Brands has a twelve month low of $24.41 and a twelve month high of $29.19. The firm has a market capitalization of $4.54 billion, a PE ratio of 17.57, a PEG ratio of 2.08 and a beta of 1.10. The company has a current ratio of 2.18, a quick ratio of 2.07 and a debt-to-equity ratio of 0.86.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of Primo Brands in a report on Monday. They issued a “buy” rating and a $33.00 price objective on the stock.
Primo Brands Company Profile
Primo Water Corporation is a leading pure-play water solutions provider in North America and Europe. Primo operates largely under a recurring razor/razorblade revenue model. The razor in Primo’s revenue model is its industry leading line-up of sleek and innovative water dispensers, which are sold through major retailers and online at various price points or leased to customers.
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