Patrick Industries Increases Quarterly Dividend to $0.52 Per Share
Patrick Industries (PATK) has announced a 10.6% increase in its quarterly dividend, raising the payout from $0.47 to $0.52 per share. This adjustment results in a forward dividend yield of 2.65%. The dividend is scheduled to be paid on December 7, with the ex-dividend date and record date set for November 23. The announcement follows a resilient third quarter for the company, despite challenging market conditions. Patrick Industries reported Q3 non-GAAP earnings per share of $1.03, beating analyst expectations by $0.04, and revenue of $975 million, which exceeded estimates by over $36 million.
Tickers: $PATK
Topics: earnings report EPS beat quarterly dividend restructuring revenue beat