|Bid||20.18 x 800|
|Ask||35.35 x 900|
|Day's range||33.60 - 35.80|
|52-week range||27.11 - 39.70|
|Beta (5Y monthly)||0.24|
|PE ratio (TTM)||N/A|
|Earnings date||25 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||37.68|
Premier, Inc. (NASDAQ: PINC), a leading healthcare improvement company, today announced that its Board of Directors has declared a quarterly cash dividend of $0.19 per share, or $0.76 on an annualized basis, on the company’s shares of Class A common stock. Premier’s first dividend payment will be made on September 15, 2020 to stockholders of record as of the close of business on September 1, 2020.
Premier, Inc. (NASDAQ: PINC), a leading healthcare improvement company, today announced that it has completed a corporate restructuring to eliminate its dual-class ownership structure, through an exchange under which Premier’s member-owners converted their Class B units in Premier Healthcare Alliance, LP (Premier LP) and corresponding Class B shares of Premier, Inc. (Premier) into shares of Premier Class A common stock, on a one-for-one basis, thus simplifying its financial reporting. The company also terminated its Tax Receivable Agreement (TRA) with its member-owners by accelerating those payment obligations at a discounted value as provided in the TRA. The company noted that members representing more than 99% of its member-owner gross administrative fees agreed to the corporate restructuring and termination of TRAs.
Premier Inc., through its ProvideGx® program, has partnered with Somerset Pharma, LLC., to supply sulfamethoxazole/trimethoprim.