Perrigo Company plc (PRGO) to Issue Quarterly Dividend of $0.29 on December 15th

Perrigo Company plc (NYSE:PRGO) announced a quarterly dividend on Thursday, October 29th. Investors of record on Friday, November 27th will be paid a dividend of $0.29 per share on Tuesday, December 15th. This represents a $1.16 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date is Friday, November 27th.

Perrigo has raised its dividend payment by an average of 0.1% per year over the last three years and has raised 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 research 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 Trading Down 0.8%

Perrigo stock opened at $15.78 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.32 and a current ratio of 2.32. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of -1.26, a price-to-earnings-growth ratio of 1.83 and a beta of 0.69. Perrigo has a 1 year low of $9.23 and a 1 year high of $21.01. The firm’s 50 day moving average price is $14.83 and its two-hundred day moving average price is $12.48.

Perrigo (NYSE:PRGO) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Perrigo had a positive return on equity of 11.25% and a negative net margin of 41.85%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.06) EPS. Perrigo has set its FY 2026 guidance at 2.250-2.550 EPS. On average, research analysts predict that Perrigo will post 2.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wall Street Zen lowered Perrigo from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings upgraded Perrigo from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 6th. Finally, Zacks Research lowered shares of Perrigo from a “hold” rating to a “strong sell” rating in a research note on Thursday. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $17.50.

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.