Primo Brands Co. (NYSE:PRMB) Plans $0.09 Quarterly Dividend

Primo Brands Co. (NYSE:PRMB) declared a quarterly dividend on Friday, November 8th,NASDAQ Dividends reports. Shareholders of record on Friday, November 22nd will be given a dividend of 0.09 per share on Thursday, December 5th. This represents a $0.36 annualized dividend and a yield of 1.29%. The ex-dividend date is Friday, November 22nd.

Primo Brands Price Performance

PRMB traded down $0.48 during trading on Wednesday, reaching $27.82. 193,109 shares of the stock were exchanged, compared to its average volume of 2,515,709. Primo Brands has a twelve month low of $24.41 and a twelve month high of $29.19. The company has a current ratio of 2.18, a quick ratio of 2.07 and a debt-to-equity ratio of 0.86. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 2.10 and a beta of 1.10.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of Primo Brands in a research report on Monday. They issued a “buy” rating and a $33.00 target price on the stock.

About Primo Brands

Primo Water Corporation is a leading pure-play water solutions provider in North America and Europe. 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 major retailers and online at various price points or leased to customers.