Patrick Rewards Investors With 9% Dividend Hike: Will It Sustain? [Yahoo! Finance]
Patrick Industries, Inc. (PATK)
Last patrick industries, inc. earnings: 4/30 08:00 am
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US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=93682&p=irol-irhome
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Source: Yahoo! Finance
On Nov. 14, Patrick's board of directors increased the quarterly cash dividend to 60 cents per share from 55 cents paid earlier. The dividend will be payable on Dec. 9, 2024, to its shareholders of record as of the close of business on Nov. 25. The company has been driving shareholder value through regular dividend hikes, share repurchase programs and reinvestment in the business. This solid capital allocation strategy — a testimony to the company's stability amid the prevailing macroeconomic woes — drives long-term sustainable growth and shareholders' value. Since December 2019, Patrick's board of directors adopted a regular quarterly cash dividend policy. It paid cash dividends of $1.90 and $1.44 per share, or $42.1 million and $32.9 million, in 2023 and 2022, respectively. In the first nine months of 2024, the company paid $37.1 million dividend. PATK is also highly active on the buyback front. In 2023, the company repurchased $18.8 million worth of shares under the repurcha
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PATK
News
- Patrick Industries, Inc. (NASDAQ: PATK) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Patrick Industries to Participate in Upcoming Truist ConferencePR Newswire
- FTC's Microsoft probe, Trump tariffs, South Korea: Market Domination [Yahoo! Finance]Yahoo! Finance
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- How Patrick Industries is dealing with potential Trump tariffs [Yahoo! Finance Canada]Yahoo! Finance Canada
PATK
Earnings
- 10/31/24 - Miss
PATK
Sec Filings
- 12/13/24 - Form 4
- 12/12/24 - Form 4
- 12/9/24 - Form 4
- PATK's page on the SEC website