Perrigo Supports Customers through Tough Times, Supporting Shareholders through Changes
Portfolio Pulse from Benzinga Insights
Perrigo (NYSE:PRGO) is distributing a dividend payout of $0.27 per share, demonstrating an annualized dividend yield of 3.00%. The company has shown a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $0.82 to $1.04. However, the company's earnings per share have declined from $3.94 in 2019 to $1.92 in 2022, raising concerns for income-seeking investors.
September 19, 2023 | 3:05 pm
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Perrigo's dividend payout and declining earnings per share could impact the company's stock in the short term.
While the dividend payout is a positive for income-seeking investors, the declining earnings per share could raise concerns about the company's financial health and its ability to maintain its dividend payout schedule in the future.
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IMPORTANCE 80
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