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Perrigo Increases its Quarterly Dividend Perrigo Company plc (NYSE: PRGO), a leading global provider of Consumer Self-Care Products, announces that its Board of Directors has approved a 1%...

Key Takeaway: Perrigo Company plc (NYSE: PRGO) has announced a 1% increase in its quarterly dividend, raising it to $0.276 per share, or $1.10 annually. This marks the company's 21st consecutive year of dividend increases, showcasing a consistent commitment to shareholder returns. The dividend will be payable on March 26, 2024, to shareholders of record by March 8, 2024. This move reflects Perrigo's ongoing strength as a leading provider of Consumer Self-Care Products.
Price reaction · baseline $32.15 (2024-02-23 close) · 2 other PRGO headline(s) in the window, move may be shared
day 0 close
+0.1%

Market Sentiment Analysis

POSITIVE FACTORS

  • Perrigo has increased its quarterly dividend for the 21st consecutive year.
  • The quarterly dividend has been raised by 1%, indicating strong financial performance.
  • Perrigo continues to empower consumers with self-care products.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+26%
120-day peak, hindsight
Typical move
1.3%
average across 3 past catalysts
Lead asset
Norgestrel
Phase 3 · Contraception

Full Press Release Details

DUBLIN , Feb. 26, 2024 /PRNewswire/ -- Perrigo Company plc (NYSE: PRGO ), a leading global provider of Consumer Self-Care Products, announces that its Board of Directors has approved a 1% increase in the Company's quarterly dividend to $0 .276 per share, or $1.10 per share on an annual basis, up from $0.273 per share. This marks the 21 st consecutive year Perrigo has increased its dividend.
The cash dividend is payable on March 26, 2024 , to shareholders of record on March 8, 2024 .
Perrigo Company plc (NYSE: PRGO ) is a leading provider of Consumer Self-Care Products and over-the-counter (OTC) health and wellness solutions that enhance individual well-being by empowering consumers to proactively prevent or treat conditions that can be self-managed. Visit Perrigo online at www.perrigo.com .
Forward-Looking Statements
This press release includes certain "forward-looking statements" within the meaning of the Private Litigation Securities Reform Act of 1995, as amended. Forward-looking statements relate to future events, such as the timing and amount of future dividend payments, and involve known and unknown risks, uncertainties and other factors—many of which beyond the Company's control—that may cause the actual results, performance or achievements of the Company to be materially different from its current expectations, assumptions, estimates and projections. Interested persons are urged to consult the Company's filings with the United States Securities and Exchange Commission, available at https://investor.perrigo.com/sec-filings , for a discussion of the Company's business and financial condition and certain material trends, risks, uncertainties and other factors relating thereto, including those discussed under "Risk Factors" in the Company's Form 10-K for the year ended December 31, 2022 .

Frequently Asked Questions

What is the new quarterly dividend for Perrigo?

Perrigo's new quarterly dividend is $0.276 per share.

When will the new dividend be payable?

The dividend will be payable on March 26, 2024.

How long has Perrigo increased its dividend?

Perrigo has increased its dividend for 21 consecutive years.

What was the previous quarterly dividend amount?

The previous quarterly dividend was $0.273 per share.

When is the record date for shareholders?

The record date for shareholders is March 8, 2024.

Last updated: Feb 26, 2024