Perrigo Increases Quarterly Dividend by 5%

Rhea-AI Summary

Perrigo (NYSE: PRGO) has announced a 5% increase in its quarterly dividend to $0.290 per share, up from $0.276, equivalent to $1.16 annually. The dividend will be payable on March 25, 2025, to shareholders of record on March 7, 2025.

This marks Perrigo's 22nd consecutive year of dividend increases, demonstrating the company's commitment to shareholder returns. Perrigo is a leading provider of Consumer Self-Care Products and over-the-counter (OTC) health and wellness solutions focused on empowering consumers in self-managed healthcare.

Positive

• 22-year track record of consecutive dividend increases
• 5% increase in quarterly dividend to $0.290 per share
• Annual dividend payout increased to $1.16 per share

Negative

• None.

DUBLIN, Feb. 19, 2025 /PRNewswire/ -- Perrigo Company plc (NYSE: PRGO), a leading global provider of Consumer Self-Care Products, today announced that its Board of Directors has approved a 5% increase in the Company's quarterly dividend to $0.290 per share, or $1.16 per share on an annual basis, up from $0.276 per share. This marks the 22^nd consecutive year Perrigo has increased its dividend.

The cash dividend is payable on March 25, 2025, to shareholders of record on March 7, 2025.

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, 2023.

Perrigo Contact

Bradley Joseph, Vice President, Global Investor Relations & Corporate Communications, (269) 686-3373, E-mail: bradley.joseph@perrigo.com

Nicholas Gallagher, Senior Manager, Global Investor Relations & Corporate Communications, (269) 686-3238, E-mail: nicholas.gallagher@perrigo.com

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SOURCE Perrigo Company plc

FAQ

What is Perrigo's (PRGO) new quarterly dividend amount for 2025?

Perrigo's new quarterly dividend is $0.290 per share, representing a 5% increase from the previous $0.276 per share.

When will Perrigo (PRGO) pay its increased dividend in March 2025?

Perrigo will pay its increased dividend on March 25, 2025, to shareholders of record as of March 7, 2025.

How many consecutive years has Perrigo (PRGO) increased its dividend?

Perrigo has increased its dividend for 22 consecutive years, with the latest 5% increase announced in February 2025.

What is Perrigo's (PRGO) annual dividend payment for 2025?

Perrigo's annual dividend payment for 2025 will be $1.16 per share, based on the new quarterly dividend of $0.290.