Patrick Industries's most recent quarterly dividend was on Feb 16, 2024 (ex-date) with a cash dividend payment of $0.55 per share. On an annualized basis, the company has a current payout of $2 per share. This brings the dividend yield to 1.92% based on its recent close price.
PATK has a dividend yield of 1.92% which is higher than the Industrials sector and the industry average. In comparison with the Industrials sector average of 1.42%, Patrick Industries's dividend yield is 35% higher. The historical 5-year average of PATK's dividend yield is 1.9%, which is in line with the current one.
Patrick Industries has been paying dividends since 2019. PATK has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 28% for the last year. But since the stock price has gone up by 54% from a year ago, the dividend yield has decreased by 17%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 16, 2024 | Mar 4, 2024 | Feb 5, 2024 | $0.55 | normal |
| Nov 24, 2023 | Dec 11, 2023 | Nov 15, 2023 | $0.55 | normal |
| Aug 25, 2023 | Sep 11, 2023 | Aug 17, 2023 | $0.45 | normal |
| Jun 9, 2023 | Jun 26, 2023 | May 25, 2023 | $0.45 | normal |
| Feb 17, 2023 | Mar 6, 2023 | Feb 6, 2023 | $0.45 | normal |
| Nov 25, 2022 | Dec 12, 2022 | Nov 11, 2022 | $0.45 | normal |
| Aug 26, 2022 | Sep 12, 2022 | Aug 10, 2022 | $0.33 | normal |
| May 27, 2022 | Jun 13, 2022 | May 13, 2022 | $0.33 | normal |
| Mar 4, 2022 | Mar 21, 2022 | Feb 22, 2022 | $0.33 | normal |
| Nov 26, 2021 | Dec 13, 2021 | Nov 11, 2021 | $0.33 | normal |
| Aug 27, 2021 | Sep 13, 2021 | Aug 13, 2021 | $0.28 | normal |
| May 28, 2021 | Jun 14, 2021 | May 13, 2021 | $0.28 | normal |
| Mar 5, 2021 | Mar 22, 2021 | Feb 24, 2021 | $0.28 | normal |
| Nov 27, 2020 | Dec 14, 2020 | Nov 20, 2020 | $0.28 | normal |
| Aug 28, 2020 | Sep 14, 2020 | Aug 17, 2020 | $0.25 | normal |
| May 29, 2020 | Jun 15, 2020 | May 14, 2020 | $0.25 | normal |
| Mar 6, 2020 | Mar 23, 2020 | Feb 25, 2020 | $0.25 | normal |
| Dec 13, 2019 | Dec 30, 2019 | Dec 2, 2019 | $0.25 | normal |
PATK has a payout ratio of 30.1% which is higher than the industry average but lower than the Industrials sector average. But in comparison with the Industrials sector average of 30.5%, Patrick Industries's payout ratio is only 1.3% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| PATK Patrick Industries Inc | 1.9% | $2 | 30.1% |
| WGO Winnebago Industries Inc | 1.9% | $1.2 | 31.2% |
| THO Thor Industries Inc | 1.88% | $1.89 | 37% |
| MAS Masco Corp | 1.64% | $1.15 | 28% |
Yes, Patrick Industries has been paying dividends for the last five years.
Currently PATK's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in May 2024.
Patrick Industries's last dividend ex-date was on Feb 16, 2024. The dividend amount was $0.55 per share.
PATK's annualized dividend per share is $2.
The current dividend yield of Patrick Industries is 1.92%.
Patrick Industries has a quarterly dividend frequency.
The dividend payout ratio of Patrick Industries is 30.1%.
Patrick Industries's dividend yield is higher than the Industrials sector average.