20 Best Dividend Growth Stocks with High Yields

11. Perrigo Company plc (NYSE:PRGO)

Dividend Yield as of May 13: 4.42%

Perrigo Company plc (NYSE:PRGO), headquartered in Ireland, specializes in self-care and over-the-counter health products. Its mission is to support personal wellness by helping consumers take control of managing or preventing common, treatable health issues independently. Since the start of 2025, the stock has surged by nearly 1%.

In the first quarter of 2025, Perrigo Company plc (NYSE:PRGO) reported revenue of $1.04 billion, down 3.5% on a YoY basis. The revenue missed analysts’ estimates; however, the EPS of $0.60 beat the consensus by $0.03. The company’s operating margin rose by 550 basis points to reach 14.0%, mainly due to improved adjusted gross margin and gains from Project Energize. It also updated its fiscal 2025 guidance, now expecting reported net sales to grow between 0% and 3%, compared to the earlier range of 1% to 3%. The forecast for organic net sales growth was adjusted to 1.5% to 4.5%, down from the previous 2.5% to 4.5% range.

Perrigo Company plc (NYSE:PRGO) ended the quarter with $410 million in cash and cash equivalents, and its total assets amounted to $9.7 billion. During the quarter, it returned $41 million to shareholders through dividends. Currently, it pays a quarterly dividend of $0.29 per share and has a dividend yield of 4.42%, as of May 13. Due to its strong cash position, the company managed to raise its payouts for 22 consecutive years.