At the end of September 11, 2023, Patrick Industries PATK will reward its shareholders with a dividend payout of $0.45 per share, demonstrating an annualized dividend yield of 2.23%. Remember, only investors who held the stock before the ex-dividend date on August 25, 2023 will receive this payout.
Patrick Industries Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-25 | 4 | $0.45 | 2.23% | 2023-08-17 | 2023-08-28 | 2023-09-11 |
| 2023-06-09 | 4 | $0.45 | 2.63% | 2023-05-25 | 2023-06-12 | 2023-06-26 |
| 2023-02-17 | 4 | $0.45 | 2.33% | 2023-02-06 | 2023-02-21 | 2023-03-06 |
| 2022-11-25 | 4 | $0.45 | 3.38% | 2022-11-11 | 2022-11-28 | 2022-12-12 |
| 2022-08-26 | 4 | $0.33 | 2.3% | 2022-08-10 | 2022-08-29 | 2022-09-12 |
| 2022-05-27 | 4 | $0.33 | 2.02% | 2022-05-13 | 2022-05-31 | 2022-06-13 |
| 2022-03-04 | 4 | $0.33 | 1.91% | 2022-02-22 | 2022-03-07 | 2022-03-21 |
| 2021-11-26 | 4 | $0.33 | 1.63% | 2021-11-12 | 2021-11-29 | 2021-12-13 |
| 2021-08-27 | 4 | $0.28 | 1.29% | 2021-08-13 | 2021-08-30 | 2021-09-13 |
| 2021-05-28 | 4 | $0.28 | 1.23% | 2021-05-14 | 2021-06-01 | 2021-06-14 |
| 2021-03-05 | 4 | $0.28 | 1.37% | 2021-02-24 | 2021-03-08 | 2021-03-22 |
| 2020-11-27 | 4 | $0.28 | 1.83% | 2020-11-20 | 2020-11-30 | 2020-12-14 |
Patrick Industries's dividend yield falls in the middle range when compared to its industry peers, with Phinia PHIN having the highest annualized dividend yield at 3.59%.
Analyzing Patrick Industries Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company demonstrated a positive dividend growth pattern from 2020 to 2022, with the dividend per share rising from $1.03 to $1.44. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Patrick Industries
From 2020 to 2022, Patrick Industries experienced a growth in earnings per share, with an increase from $3.96 to $14.38. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article delves into the recent dividend payout of Patrick Industries and its implications for shareholders. Presently, the company is distributing a dividend of $0.45 per share, leading to an annualized dividend yield of 2.23%.
Patrick Industries's dividend yield falls in the middle range when compared to its industry peers, with Phinia having the highest annualized dividend yield at 3.59%.
The upward trend in dividend per share and earnings per share for Patrick Industries from 2020 to 2022 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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