PRIMO WATER CORPORATION DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Primo Water Corporation (NYSE: PRMW) declared a quarterly dividend of US$0.07 per share, payable on June 22, 2022, to shareholders of record as of June 10, 2022. As a leading provider of sustainable drinking water solutions in North America and Europe, Primo generates approximately $2.1 billion in annual revenue, utilizing a recurring razor/razorblade revenue model. Their offerings include Water Direct delivery, Water Exchange, and Water Refill services, promoting access to purified water while reducing plastic waste.

Positive

• Quarterly dividend of US$0.07 enhances income for shareholders.
• Primo generates approximately $2.1 billion in annual revenue.
• Sustainable water solutions promote health and reduce plastic waste.

Negative

• None.

TAMPA, Fla., May 11, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced that its Board of Directors declared a dividend of US$0.07 per share on common shares, payable in cash on June 22, 2022 to shareowners of record at the close of business on June 10, 2022.

ABOUT PRIMO WATER CORPORATION

Primo Water Corporation is a leading pure-play water solutions provider in North America and Europe and generates approximately $2.1 billion in annual revenue. Primo operates largely under a recurring razor/razorblade revenue model. The razor in Primo's revenue model is its industry leading line-up of sleek and innovative water dispensers, which are sold through retailers and online at various price points. The dispensers help increase household penetration which drives recurring purchases of Primo's razorblade offering. Primo's razorblade offering is comprised of Water Direct, Water Exchange, and Water Refill. Through its Water Direct business, Primo delivers sustainable hydration solutions across its 22-country footprint direct to the customer's door, whether at home or to businesses. Through its Water Exchange and Water Refill businesses, Primo offers pre-filled and reusable containers at over 13,000 locations and water refill units at approximately 23,000 locations, respectively. Primo also offers water filtration units across its 22-country footprint.  

Primo's water solutions expand consumer access to purified, spring, and mineral water to promote a healthier, more sustainable lifestyle while simultaneously reducing plastic waste and pollution. Primo is committed to its water stewardship standards and is proud to partner with the International Bottled Water Association (IBWA) in North America as well as with Watercoolers Europe (WE), which ensure strict adherence to safety, quality, sanitation and regulatory standards for the benefit of consumer protection. 

Primo is headquartered in Tampa, Florida (USA). For more information, visit www.primowatercorp.com.

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SOURCE Primo Water Corporation

FAQ

What is the dividend amount declared by Primo Water Corporation?

Primo Water Corporation declared a dividend of US$0.07 per share.

When will the dividend be paid?

The dividend will be paid on June 22, 2022.

What is the record date for the dividend?

The record date for the dividend is June 10, 2022.

How much revenue does Primo Water Corporation generate?

Primo Water Corporation generates approximately $2.1 billion in annual revenue.

What services does Primo Water Corporation offer?

Primo offers Water Direct delivery, Water Exchange, and Water Refill services.