Perrigo Co. Dividend Above 4% Attractive for Investors

Perrigo Company plc (PRGO) offers an attractive dividend yield above 4%, essential for investors considering long-term returns. The sustainability of this yield is linked to the company's profitability, highlighting the significance of dividends in total stock market returns.

Date: 09-09-2024

AI Rating: 7

Perrigo Company plc (Symbol: PRGO) is currently yielding over 4% based on its quarterly dividend of $1.104, with shares trading around $27.03. This attractive yield is significant for investors, as dividends have historically contributed notably to total stock market returns. The example of the iShares Russell 3000 ETF (IWV) illustrates how dividends can enhance returns, even during periods of share price decline.

Furthermore, the sustainability of this dividend yield can serve as an indicator of the company's profitability. The text does not provide specific figures related to Earnings Per Share (EPS), Revenue Growth, Net Income, Profit Margins, Free Cash Flow (FCF), or Return on Equity (ROE), but it emphasizes the importance of profitability in maintaining dividend levels.

With Perrigo being a member of the Russell 3000, it earns special recognition as one of the largest companies in the U.S. stock markets, which could add a level of investor confidence in its dividend sustainability.

Stocks: PRGO IWV