Patrick Industries, Inc. Declares Quarterly Cash Dividend
Patrick Industries (NASDAQ: PATK) announced its Board of Directors declared a quarterly cash dividend of $0.55 per share on May 16, 2024. The dividend will be payable on June 17, 2024, to shareholders of record as of June 3, 2024. Patrick Industries is a component solutions provider for the RV, Marine, Powersports, and Housing markets, with over 85 leading brands. Headquartered in Elkhart, IN, the company employs about 10,000 people across the U.S.
- Declaration of a quarterly cash dividend of $0.55 per share.
- Payment date for the dividend is June 17, 2024.
- Record date for shareholders to receive the dividend is June 3, 2024.
- Patrick Industries serves multiple markets including RV, Marine, Powersports, and Housing.
- The company operates over 85 leading brands.
- Headquartered in Elkhart, IN.
- Employs approximately 10,000 people across the U.S.
- No information on revenue or profit growth provided in the announcement.
- Dividend payments can sometimes indicate a lack of better reinvestment opportunities.
- The press release does not mention any new business developments or expansions.
About Patrick Industries, Inc.
Patrick (NASDAQ: PATK) is a leading component solutions provider serving the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in
Forward-Looking Statements
This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. In addition, future dividends are subject to Board approval. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.
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SOURCE Patrick Industries, Inc.
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