TAMPA,
Fla., May 11, 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 US$0.07 per share on common shares, payable in
cash on June 22, 2022 to shareowners
of record at the close of business on June
10, 2022.
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 23,000 locations, respectively. Primo also
offers water filtration units across its 22-country
footprint.
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