Perrigo Supports Customers through Tough Times, Supporting Shareholders through Changes
Portfolio Pulse from Benzinga Insights
Perrigo (NYSE:PRGO) is distributing a dividend of $0.27 per share with an annualized yield of 3.89%. Shareholders as of November 30, 2023, are eligible. Dividend per share has increased from $0.82 in 2019 to $1.04 in 2022, showing a commitment to shareholder rewards. However, earnings per share have declined from $3.94 in 2019 to $1.92 in 2022, raising concerns about future dividend sustainability.
December 19, 2023 | 3:05 pm
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NEUTRAL IMPACT
Perrigo is paying out a dividend of $0.27 per share, with a positive trend in dividend growth since 2019 but a concerning decline in earnings per share over the same period.
The dividend payout is a positive signal for income-seeking investors and shows the company's commitment to shareholder returns. However, the decline in earnings per share may indicate potential challenges in maintaining future dividend levels. The score is neutral as the positive dividend trend may be offset by concerns over earnings.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100