Share BuybackClearly management feels that the shares are undervalued. GLTA
07:28 AM EDT, 05/05/2021 (MT Newswires) -- Primo Water Corp. (PRMW.TO), a provider of water and water filtration services in North America and Europe, said Wednesday that its board approved a new $50 million share repurchase program and declared a quarterly dividend of US$0.06 per share.
The buyback program, which will start May 10 and end May 9, reflects the board's confidence in the Primo Water's future performance after it transformed into a pure play water company and successfully navigated the pandemic over the last 12 months.
The dividend will be payable June 16 to shareowners of record on June 4.
Price: 20.20, Change: -0.60, Percent Change: -2.88