Perrigo Increases its Quarterly Dividend

Rhea-AI Summary

Perrigo Company plc (NYSE: PRGO) announced a 5% increase in its quarterly dividend to $0.273 per share, amounting to $1.09 annually, up from $0.257. This marks the 20th consecutive year of dividend increases for the company. The cash dividend will be payable on March 28, 2023, to shareholders of record on March 10, 2023. The increase reflects Perrigo's continued commitment to returning value to its shareholders and supporting their financial well-being.

Positive

• 5% increase in quarterly dividend to $0.273 per share.
• 20th consecutive year of dividend increases.
• Demonstrates commitment to returning value to shareholders.

Negative

• None.

DUBLIN, Feb. 21, 2023 /PRNewswire/ -- Perrigo Company plc (NYSE: PRGO), a leading global provider of Consumer Self-Care Products, today announced that its Board of Directors approved a 5% increase in the Company's quarterly dividend to $0.273 per share, or $1.09 per share on an annual basis, up from $0.257 per share. This dividend increase marks the 20^th consecutive year Perrigo has increased its dividend.

The cash dividend is payable on March 28, 2023, to shareholders of record on March 10, 2023.

About Perrigo 

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, which the Company expects to file on or about February 28, 2023.

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SOURCE Perrigo Company plc

FAQ

What is the new dividend amount for Perrigo (PRGO)?

Perrigo has increased its quarterly dividend to $0.273 per share.

When is the dividend payable for PRGO?

The dividend is payable on March 28, 2023.

What is the record date for the new dividend of Perrigo (PRGO)?

The record date for the dividend is March 10, 2023.

How many years has Perrigo (PRGO) been increasing its dividend?

Perrigo has increased its dividend for 20 consecutive years.

What is the annual dividend amount after the increase for PRGO?

The annual dividend amount is now $1.09 per share.