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.
Momentum Indicator for PRMW turns negative, indicating new downward trend
PRMW saw its Momentum Indicator move below the 0 level on September 08, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 82 similar instances where the indicator turned negative. In of the 82 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for PRMW turned negative on August 23, 2023. 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 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
PRMW moved below its 50-day moving average on September 20, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for PRMW crossed bearishly below the 50-day moving average on September 25, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PRMW's RSI Oscillator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The 50-day moving average for PRMW moved above the 200-day moving average on September 21, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PRMW advanced for three days, in of 285 cases, the price rose further within the following month. The odds of a continued upward trend are .
PRMW may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 234 cases where PRMW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (1.794) is normal, around the industry mean (70.969). P/E Ratio (26.882) is within average values for comparable stocks, (44.612). Projected Growth (PEG Ratio) (1.745) is also within normal values, averaging (6.059). Dividend Yield (0.022) settles around the average of (0.029) among similar stocks. P/S Ratio (1.020) is also within normal values, averaging (2.977).
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 SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PRMW’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock worse than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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.
Notable companies
Industry description
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of purified bottled water
Industry BeveragesNonAlcoholic
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PRMW and
Correlation & Price change
A.I.dvisor indicates that over the last year, PRMW has been loosely correlated with KO. These tickers have moved in lockstep 45% of the time. This A.I.-generated data suggests there is some statistical probability that if PRMW jumps, then KO could also see price increases.
| Ticker / NAME | Correlation To PRMW | 1D Price Change % | ||
|---|---|---|---|---|
| PRMW | 100% | -1.82% | ||
| KO - PRMW | 45% Loosely correlated | -0.82% | ||
| MNST - PRMW | 43% Loosely correlated | -0.66% | ||
| CCEP - PRMW | 38% Loosely correlated | -1.01% | ||
| KDP - PRMW | 38% Loosely correlated | -0.99% | ||
| PEP - PRMW | 37% Loosely correlated | -1.04% | ||
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