Beverage company Primo Water Corporation (PRMW) offers pure-play water solutions. Its offerings include bottled water, water dispensers, and purified bottled water, which it sells under several brands through retailers and online at various price points. The revenue in the bottled water segment is expected to grow annually by 6.3% between 2023 and 2027, which should bode well for the stock.
PRMW declared a quarterly dividend of $0.08 per share on its common shares, payable on June 14, 2023. Its annual dividend of $0.32 yields 2.25% on current prices. Its dividend payouts have grown at a CAGR of 6.5% over the past three years and 3.9% over the past five years.
