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Primo Water Corporation Declares Quarterly Dividend

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TAMPA, Fla., Nov. 9, 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 December 9, 2022, to shareowners of record at the close of business on November 29, 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 21-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 approximately 14,000 locations, water dispenser sales at approximately 10,000 locations and water refill units at approximately 24,000 locations, respectively. Primo also offers water filtration units across its 21-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

Primo Water Corporation

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Soft Drink Manufacturing
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Consumer Non-Durables, Beverages: Non-Alcoholic, Manufacturing, Soft Drink Manufacturing
Canada
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About PRMW

primo water corporation (nasdaq: prmw) was founded in 2004 by billy prim, a successful entrepreneur and the founder of blue rhino, the market leader in propane grill cylinder exchange. using the blue rhino model, billy created primo water as a way to offer consumers innovative, stylish water dispensers for the home and office, as well as clean, affordable and convenient options for great tasting, premium water without creating waste in the environment. primo water corporation is north america's leading single source provider of multi-gallon purified bottled water, self-service refill water and water dispensers sold through major retailers throughout the united states and canada. as the only company that offers all three bulk water sub categories – dispensers, exchange and refill – primo water owns a seventy-five percent market share in water dispensers and over ninety percent in its water businesses. primo is an environmentally and ethically responsible company with a mission to inspir