Patrick Industries, Inc. Announces Increase to Regular Quarterly Cash Dividend and Increased Share Repurchase Authorization
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Patrick Industries, Inc. has announced an increase in its regular quarterly cash dividend from $0.55 to $0.60 per share and an increased share repurchase authorization.
November 15, 2024 | 9:45 pm
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Patrick Industries, Inc. has increased its quarterly cash dividend to $0.60 per share and expanded its share repurchase authorization, signaling confidence in its financial health.
The increase in the dividend and share repurchase authorization suggests that Patrick Industries is confident in its financial position and future cash flows. This is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100