Perrigo: Double-Digit Dividend At A Bargain Price

Perrigo offers a compelling value with a 12% dividend yield and a P/E of 4.3, trading at a deep discount to fair value. PRGO is refocused on its core OTC store-brand business, prioritizing cost savings and operational efficiencies after divestitures and past acquisition missteps. Management's Three-S Plan targets $80M–$100M in annual cost savings by 2027, supporting margin improvement and sustainable dividend growth.