Overcoming Challenges and Adapting: Patrick Industries Navigates to Reward InvestorsDriving Profitability and Investor Rewards: Patrick Industries Delivers Strong Performance and Growing Profits
Portfolio Pulse from Benzinga Insights
Patrick Industries (NASDAQ:PATK) will pay a dividend of $0.45 per share on September 11, 2023, yielding 2.23% annually. The company has shown a positive trend in dividend growth from 2020 to 2022, increasing from $1.03 to $1.44 per share. Earnings per share also grew from $3.96 to $14.38 during the same period. Patrick Industries' dividend yield is mid-range compared to its peers, with Phinia (NYSE:PHIN) having the highest yield at 3.59%.
September 11, 2023 | 3:05 pm
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POSITIVE IMPACT
Patrick Industries' consistent dividend and earnings growth indicate a strong financial position, which could attract income-seeking investors.
Patrick Industries' consistent dividend and earnings growth from 2020 to 2022 indicate a strong financial position. This could attract income-seeking investors and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Phinia has the highest annualized dividend yield among its peers at 3.59%, which could make it attractive to income-seeking investors.
Phinia's high annualized dividend yield of 3.59% could make it attractive to income-seeking investors, potentially driving the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50