Thursday Is Your Last Chance To Buy Patrick Industries Before The Dividend Payout

Thursday marks the last chance for investors to receive the next dividend payout from Patrick Industries PATK.

What's Happening

The company announced on Friday that it would pay shareholders a quarterly dividend of 45 cents per share. On Friday, Patrick Industries will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 45 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own PATK as of the end of Thursday's session are eligible to receive the 45 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on September 11, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

Monitor live stock price updates for Patrick Industries on Benzinga.