Patrick Industries, Inc. Approves Quarterly Cash Dividend, Payable on December 11, 2023
November 16, 2023 at 01:30 pm
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Patrick Industries, Inc. announced that on November 15, 2023, its board of directors approved an increase in the amount of its quarterly cash dividend on its common stock to $0.55 per share from $0.45 per share. The dividend is payable on December 11, 2023, to shareholders of record at the close of business on November 27, 2023.
Patrick Industries, Inc. is a component solutions provider for the recreational vehicle (RV), marine, powersports and housing markets. The Companyâs segments include Manufacturing, which offers laminated products for furniture, shelving, walls and countertops; decorative vinyl, wrapped vinyl, paper laminated panels and vinyl printing; solid surface, granite and quartz countertops; fabricated aluminum products; and other products, and Distribution segment, which provides pre-finished wall and ceiling panels, drywall and drywall finishing products, interior and exterior lighting products, wiring, electrical and plumbing products, transportation and logistics services and other products. It operates through a network that includes approximately 179 manufacturing plants and 62 warehouse and distribution facilities located in 23 states with presence in Mexico, China, and Canada. It also serves original equipment manufacturers (OEMs), and various other industrial markets.