Primo Water Co. to Issue Quarterly Dividend of $0.06 (NYSE:PRMW)


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Primo Water Co. (NYSE:PRMW) declared a quarterly dividend on Wednesday, November 4th, Zacks reports. Investors of record on Tuesday, November 24th will be given a dividend of 0.06 per share on Friday, December 4th. This represents a $0.24 annualized dividend and a yield of 1.62%. The ex-dividend date is Monday, November 23rd.

Shares of PRMW opened at $14.79 on Friday. Primo Water has a 52-week low of $6.33 and a 52-week high of $16.00. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of -21.13 and a beta of 1.12. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.79 and a quick ratio of 0.68.

A number of analysts have issued reports on PRMW shares. CIBC raised Primo Water to an “outperformer” rating in a research note on Friday, November 6th. TD Securities raised their target price on Primo Water from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, November 6th.

About Primo Water

Primo Water Corporation provides home and office bottled water delivery and water filtration services in North America and Europe. It offers water dispensers, purified bottled water, and self-service refill drinking water; and coffee and tea, and sparkling water beverages from Sparkling Ice, as well as other premium water products.

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