Perrigo Company plc (NYSE: NYSE:PRGO), a global leader in Consumer Self-Care Products, announced on Thursday a quarterly dividend of $0.273 per share. The dividend is set to be paid out on December 19, 2023, to shareholders who are registered by December 1, 2023. Perrigo's primary focus is on over-the-counter (OTC) health and wellness products that empower consumers to manage their own health conditions.
Alongside the dividend announcement, Perrigo issued "forward-looking statements" about future dividends under the Private Litigation Securities Reform Act of 1995. These statements forecast future events and inherent risks, indicating that actual results may deviate from current estimations due to uncontrollable factors.
To provide an exhaustive understanding of its business operations, financial status, and associated risks and uncertainties, the company has advised individuals to refer to its filings with the United States Securities and Exchange Commission. Of particular note is the Company's Form 10-K for the year ending December 31, 2022. This comprehensive document offers insights into Perrigo's business, financial condition, and material trends.
InvestingPro Insights
Perrigo Company plc (NYSE: PRGO) has a commendable track record, having raised its dividend for 20 consecutive years, and maintained dividend payments for 21 consecutive years, as highlighted by InvestingPro Tips. The company's net income is also projected to grow this year, adding to its financial stability.
From a data perspective, as of Q2 2023, Perrigo has a market capitalization of $3760M USD. Despite a negative P/E ratio of -55.43, the adjusted P/E ratio stands at a significantly higher 343.67. This suggests that the company's earnings potential is not fully reflected in its current price. The company's revenue growth for the last twelve months as of Q2 2023 is at 6.59%, indicating a steady increase in its business operations.
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