Premier's most recent quarterly dividend of $0.21 per share was on Feb 29, 2024 (ex-date). The annualized payout of $0.84 per share represents a current dividend yield of 3.99%.
PINC has a dividend yield of 3.99% which is above the Healthcare sector average. Compared to its Healthcare sector average of 1.89%, Premier's dividend yield is 111% higher.
Premier has a history of paying dividends since 2021. Our records of PINC show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 1.2% for the last year. And since the stock price has gone down by 36% from a year ago, the dividend yield has increased by 59%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 29, 2024 | Mar 15, 2024 | Jan 25, 2024 | $0.21 | normal |
| Nov 30, 2023 | Dec 15, 2023 | Oct 26, 2023 | $0.21 | normal |
| Aug 31, 2023 | Sep 15, 2023 | Aug 10, 2023 | $0.21 | normal |
| May 31, 2023 | Jun 15, 2023 | Apr 27, 2023 | $0.21 | normal |
| Feb 28, 2023 | Mar 15, 2023 | Jan 26, 2023 | $0.21 | normal |
| Nov 30, 2022 | Dec 15, 2022 | Oct 21, 2022 | $0.21 | normal |
| Aug 31, 2022 | Sep 15, 2022 | Aug 4, 2022 | $0.21 | normal |
| May 31, 2022 | Jun 15, 2022 | Apr 21, 2022 | $0.2 | normal |
| Feb 28, 2022 | Mar 15, 2022 | Jan 20, 2022 | $0.2 | normal |
| Nov 30, 2021 | Dec 15, 2021 | Oct 21, 2021 | $0.2 | normal |
| Aug 31, 2021 | Sep 15, 2021 | Aug 5, 2021 | $0.2 | normal |
| May 28, 2021 | Jun 15, 2021 | Apr 26, 2021 | $0.19 | normal |
| Feb 26, 2021 | Mar 15, 2021 | Jan 21, 2021 | $0.19 | normal |
| Nov 30, 2020 | Dec 15, 2020 | Oct 26, 2020 | $0.19 | normal |
| Aug 31, 2020 | Sep 15, 2020 | Aug 11, 2020 | $0.19 | normal |
PINC has a payout ratio of 60% which is higher than the Healthcare sector average. In comparison with the Healthcare sector average of 35.5%, Premier's payout ratio is 69% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| PINC Premier Inc | 4.01% | $0.84 | 60% |
| MCK Mckesson Corp | 0.45% | $2.4 | 10.8% |
Yes, Premier has paid four dividends in the last 12 months. PINC has been paying dividends since 2021.
Currently PINC's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in May 2024.
Premier's last dividend ex-date was on Feb 29, 2024. The dividend amount was $0.21 per share.
PINC has paid dividend of $0.84 per share in the last year.
Premier's current dividend yield is 3.99%.
Premier has a quarterly dividend frequency.
Premier's dividend payout ratio is 60%.
Premier's dividend yield is above the Healthcare sector average.