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Perrigo will increase quarterly dividend by 11% to 21 cents per share

Sarah Toy

Perrigo Company Plc announced Friday it would be increasing its quarterly dividend by 11% from 19 cents to 21 cents. The new dividend will be payable on June 18 to investors who own the stock at the close of business on May 31. This will be the sixteenth consecutive year the health company has increased its dividend. Shares of Perrigo have gained 29% in the year to date, while the S&P 500 has gained 16.7%.