Primo Water Corporation (PRMW): A Closer Look into Upcoming Dividend Payment
Primo Water Corporation (NASDAQ: PRMW), a leading provider of water dispensers, purified bottled water, and self-service refill drinking water in North and South America, has recently announced that it will pay a dividend of $0.08 per share with a record date of June 14, 2023. This announcement has caught the attention of the company's investors, and the financial market is keeping a close eye on this development.
The dividend declaration follows the pattern of the company's previous disbursement, where it paid an identical amount of $0.08 per share on March 27, 2023. Keeping up with this practice indicates Primo Water Corporation's ongoing commitment to share its profits with the stakeholders.
An ex-dividend date of June 1, 2023, has been scheduled for the upcoming dividend payout. To clarify, the ex-dividend date is a crucial timeline for investors as it dictates who will be entitled to receive the next dividend payment. If an investor purchases the stock on its ex-dividend date or any time thereafter, they will not be eligible to receive the next dividend. The dividends, instead, will be repossessed by the seller. Conversely, if the stocks are purchased before the ex-dividend date, the buyer is entitled to receive the dividends.
Investors seeking a steady income flow should consider this timeline while planning their investments. In the case of Primo Water Corporation, potential investors would need to buy the company's shares at least a day before the ex-dividend date to secure the June dividend payout.
While the dividend consistency is a positive sign for investors looking for a steady income, it is essential to evaluate the overall financial health and performance of Primo Water Corporation. Dividends are usually a sign of a profitable and financially healthy company, but they must not be viewed in isolation. Investors should also consider other factors, such as the company's earning results, cash flow situation, future growth prospects, and the market dynamics that could impact the company's operations.
Moreover, it's vital to consider the company's payout ratio, which is the percentage of earnings a company pays to its shareholders in dividends. A lower payout ratio could imply that the company retains a significant portion of its earnings for reinvestment or debt repayment, which might lead to future growth. Conversely, a higher payout ratio indicates that the company returns more to its shareholders, which could be a sign of financial stability, but could also restrict the company's growth potential if not enough profits are reinvested back into the business.
Primo Water Corporation's announced dividend date and payment is an essential consideration for current shareholders and potential investors. Yet, a comprehensive evaluation of the company's overall financial standing and growth prospects is crucial before making an investment decision.
PRMW in downward trend: price may decline as a result of having broken its higher Bollinger Band on October 14, 2024
PRMW broke above its upper Bollinger Band on October 14, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 43 similar instances where the stock broke above the upper band. In of the 43 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for PRMW moved out of overbought territory on October 24, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where PRMW's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for PRMW turned negative on October 28, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PRMW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 09, 2024. You may want to consider a long position or call options on PRMW as a result. In of 77 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PRMW advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 276 cases where PRMW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PRMW’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.019) is normal, around the industry mean (75.858). P/E Ratio (45.550) is within average values for comparable stocks, (31.998). Projected Growth (PEG Ratio) (0.524) is also within normal values, averaging (5.544). Dividend Yield (0.018) settles around the average of (0.027) among similar stocks. P/S Ratio (1.652) is also within normal values, averaging (3.197).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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General Information
a manufacturer of purified bottled water
Industry BeveragesNonAlcoholic