Perrigo Company plc (NYSE:PRGO) declared a quarterly dividend on Thursday, February 15th, RTT News reports. Shareholders of record on Friday, March 2nd will be paid a dividend of 0.19 per share on Tuesday, March 20th. This represents a $0.76 annualized dividend and a yield of 0.87%. This is a positive change from Perrigo’s previous quarterly dividend of $0.16.
Perrigo has increased its dividend by an average of 15.1% annually over the last three years and has raised its dividend annually for the last 15 consecutive years. Perrigo has a dividend payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Perrigo to earn $5.32 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 12.0%.
Shares of Perrigo (PRGO) traded up $0.88 during midday trading on Thursday, reaching $87.54. 72,440 shares of the company’s stock traded hands, compared to its average volume of 941,186. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.24 and a current ratio of 1.72. Perrigo has a 1 year low of $63.68 and a 1 year high of $95.93. The firm has a market cap of $12,085.54, a PE ratio of -9.54, a P/E/G ratio of 1.83 and a beta of 0.76.
In related news, VP Todd W. Kingma sold 1,500 shares of the stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $88.52, for a total transaction of $132,780.00. Following the transaction, the vice president now directly owns 19,565 shares of the company’s stock, valued at $1,731,893.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John Wesolowski sold 450 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $83.09, for a total transaction of $37,390.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,838 shares of company stock worth $336,784. 6.90% of the stock is owned by insiders.
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Perrigo Company Profile
Perrigo Company plc is a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, animal health, dietary supplements, active pharmaceutical ingredients (API), and medical diagnostic products, and Multiple Sclerosis drug Tysabri.
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