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Patrick Industries Raises Quarterly Dividend to 52 Cents

Patrick Industries will pay shareholders a quarterly cash dividend of 52 cents per share, up from 47 cents, after the company’s board approved an increase. The new payment is due Dec. 7 to shareholders of record on Nov. 23.

Patrick Industries Raises Quarterly Dividend to 52 Cents

Chief Executive Andy Nemeth said the higher dividend reflects the company’s business performance, cash generation and solid balance sheet.

The new payout amounts to $2.08 per share annually. Based on Thursday’s closing price of $78.59, that represents an annual yield of about 2.65%.

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