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jwbstock

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jwbstock

Re: None

Wednesday, 08/11/2021 2:01:56 AM

Wednesday, August 11, 2021 2:01:56 AM

Post# of 113890
BBOTCS: VTRS Reports Earnings

Yesterday (Aug. 9), Viatris reported earnings. Their news release can be found here:

https://investor.viatris.com/static-files/4dd50ba9-7659-457a-8514-7a9d2818a2f7

and the 10Q can be accessed here:

https://investor.viatris.com/static-files/bac2228c-25ae-487b-82f5-bd77ab5c21a8

The earnings report confirmed that they are a solidly run company in a slow growth industry. VTRS management modestly upped their guidance on sales, cash flow, etc.

The report didn't make me want to sell the stock. But I am not encouraged to buy new shares, either. I will hold it until I need the cash to buy some bargain. The newly declared dividend rate (0.11/share/quarter) is 2.91% at today's share closing price.
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