TAMPA,
Fla., Feb. 23, 2022 /PRNewswire/ - Primo Water
Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"),
a leading provider of sustainable drinking water solutions in
North America and Europe, today announced that its Board of
Directors declared a dividend of $0.07 per share on common shares, payable in cash
on March 28, 2022, to shareowners of
record at the close of business on March 11,
2022 (an increase of 16.7% from the prior quarterly cash
dividend of $0.06 per common
share).
ABOUT PRIMO WATER CORPORATION
Primo Water Corporation is a leading pure-play water solutions
provider in North America and
Europe and generates approximately
$2.1 billion in annual revenue. Primo
operates largely under a recurring razor/razorblade revenue model.
The razor in Primo's revenue model is its industry leading line-up
of sleek and innovative water dispensers, which are sold through
retailers and online at various price points. The dispensers help
increase household penetration which drives recurring purchases of
Primo's razorblade offering. Primo's razorblade offering is
comprised of Water Direct, Water Exchange, and Water Refill.
Through its Water Direct business, Primo delivers sustainable
hydration solutions across its 22-country footprint direct to the
customer's door, whether at home or to businesses. Through its
Water Exchange and Water Refill businesses, Primo offers pre-filled
and reusable containers at over 13,000 locations and water refill
units at approximately 22,000 locations, respectively. Primo also
offers water filtration units across its 22-country footprint
representing a top five position.
Primo's water solutions expand consumer access to purified,
spring, and mineral water to promote a healthier, more sustainable
lifestyle while simultaneously reducing plastic waste and
pollution. Primo is committed to its water stewardship standards
and is proud to partner with the International Bottled Water
Association (IBWA) in North
America as well as with Watercoolers Europe (WE), which
ensure strict adherence to safety, quality, sanitation and
regulatory standards for the benefit of consumer protection.
Primo is headquartered in Tampa,
Florida (USA). For more information, visit
www.primowatercorp.com.
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SOURCE Primo Water Corporation