Primo Water Corporation Declares Quarterly Dividend

Rhea-AI Summary

Primo Water Corporation (NYSE: PRMW) declared a quarterly dividend of US$0.06 per share, payable on December 3, 2021, to shareholders of record by close of business on November 23, 2021. The Company generates approximately $2.0 billion in annual revenue, focusing on sustainable water solutions across 22 countries. Its model emphasizes recurring revenue through innovative water dispensers and delivery services, promoting a healthier lifestyle while reducing plastic waste. For more details, visit www.primowatercorp.com.

Positive

• Declaring a quarterly dividend of US$0.06 per share enhances shareholder confidence.
• Annual revenue of approximately $2.0 billion shows significant market presence.
• Strong recurring revenue model through water dispensers and delivery services.

Negative

• None.

TAMPA, Fla., Nov. 3, 2021 /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$0.06 per share on common shares, payable in cash on December 3, 2021 to shareowners of record at the close of business on November 23, 2021.

ABOUT PRIMO WATER CORPORATION

Primo Water Corporation is a leading pure-play water solutions provider in North America and Europe and generates approximately $2.0 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 22,000 locations, respectively. Primo also offers water filtration units across its 22-country footprint representing a top five position.

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$0.06 per share.

When is the dividend payment date for PRMW shareholders?

The dividend payment date is December 3, 2021.

What is the record date for the dividend declared by Primo Water?

The record date for the dividend is November 23, 2021.

How much revenue does Primo Water Corporation generate annually?

Primo Water Corporation generates approximately $2.0 billion in annual revenue.