Patrick Industries, Inc. Declares Quarterly Cash Dividend
Rhea-AI Summary
Patrick Industries (NASDAQ: PATK) has declared a quarterly cash dividend of $0.55 per share on its common stock. The dividend will be paid on September 9, 2024, to shareholders of record at the close of business on August 26, 2024. This announcement was made by the company's Board of Directors on August 15, 2024.
Patrick Industries is a leading component solutions provider serving the RV, Marine, Powersports, and Housing markets. Founded in 1959, the company has grown to encompass more than 85 leading brands and employs approximately 10,000 skilled team members throughout the United States. Patrick's full solutions model integrates design, manufacturing, distribution, and transportation, positioning it as a trusted partner in the industry.
Positive
- Consistent quarterly dividend payment of $0.55 per share
- Diverse market presence in RV, Marine, Powersports, and Housing sectors
- Portfolio of over 85 leading brands
- Large workforce of approximately 10,000 skilled employees
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, PATK declined 0.13%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/patrick-industries-inc-declares-quarterly-cash-dividend-302224125.html
SOURCE Patrick Industries, Inc.
FAQ
What is the amount of Patrick Industries' (PATK) quarterly dividend for 2024?
When will Patrick Industries (PATK) pay its latest declared dividend?
What is the record date for Patrick Industries' (PATK) latest dividend?
How many brands does Patrick Industries (PATK) own?
