The Perrigo Company (NASDAQ: PRGO) today announced that its Board of Directors adopted a policy of paying regular quarterly dividends and declared a quarterly dividend of $0.025 per share, payable on March 21, 2003, to shareholders of record on February 28, 2003.
Dave Gibbons, Perrigo's President and Chief Executive Officer, stated, "This decision demonstrates the Board's confidence in Perrigo's financial strength and long-term prospects. With suitable controls and processes in place, we believe our cash flows today are strong and predictable. We are pleased to make this on-going commitment to our shareholders as we meet our capital needs and invest for long-term growth. We are confident of our future and will continue to build on our foundation of quality, service, innovation and best value to our retail customers."
Perrigo Company is the nation's largest manufacturer of over-the-counter (non-prescription) pharmaceutical and nutritional products sold by supermarket, drug, and mass merchandise chains under their own labels. The Company's products include over-the-counter pharmaceuticals such as analgesics, cough and cold remedies, gastrointestinal, and feminine hygiene products, and nutritional products, such as vitamins, nutritional supplements and nutritional drinks. Visit Perrigo on the Internet (www.perrigo.com ).
SOURCE: Perrigo Company
CONTACT: Ernest J. Schenk, Manager, Investor Relations and Communication
of Perrigo Company, +1-269-673-9212, E-mail: Investor@perrigo.com
Web site: http://www.perrigo.com/
Company News On-Call: http://www.prnewswire.com/gh/cnoc/comp/699550.html