Market Overview

Warner Chilcott To Pay $8.50 Dividend On 9/8

Share:

Warner Chilcott PLC (NASDAQ: WCRX) has delivered a special dividend directly to shareholders and has indicated its confidence in future cash flows, according to Jefferies & Company, a dividend totaling $8.50/share, expected to pay out on September 8.

Jefferies writes that 2011 EPS estimates are at $3.22 is based on a 7.7x multiple, and the impact of recapitalization has lowered guidance to $0.60 (from $0.65) for 3Q2010.

Jefferies reiterates its Buy rating and $32 price target.

Warner Chilcott PLC closed yesterday at $28.12.

Analyze Any Stock FREE! Click Here.

 

Related Articles (WCRX)

View Comments and Join the Discussion!

Posted-In: Jefferies & Company warner chilcottAnalyst Color News Guidance Dividends Markets Analyst Ratings

Need corporate guidance data?
Click here to see licensing options.

Latest Ratings

StockFirmActionPT
WLKCFRADowngrades37.0
KMXCFRAMaintains75.0
KIDSNeedhamMaintains46.0
LKNeedhamSuspends40.0
BSXNeedhamMaintains43.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com