Patrick Industries's most recent quarterly dividend was on Aug 26, 2022 (ex-date) with a cash dividend payment of $0.33 per share. On an annualized basis, the company has a current payout of $1.32 per share. This brings the dividend yield to 3.01% based on its recent close price.
PATK has a dividend yield of 3.01% which is higher than the Industrials sector, the industry and its peers average. In comparison with the Industrials sector average of 1.74%, Patrick Industries's dividend yield is 73% higher.
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 18% for the last year. And since the stock price has gone down by 50% from a year ago, the dividend yield marks an increase of 135%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 8.5% which is lower than the Industrials sector, the industry and its peers average. In comparison with the Industrials sector average of 28.9%, Patrick Industries's payout ratio is 71% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| PATK Patrick Industries Inc | 2.99% | $1.32 | 8.5% |
| THO Thor Industries Inc | 2.45% | $1.72 | 8.3% |
| MAS Masco Corp | 2.26% | $1.08 | 29.8% |
| FBHS Fortune Brands Home & Security Inc | 2.01% | $1.1 | 19.6% |
| WGO Winnebago Industries Inc | 1.54% | $0.81 | 6.8% |
Yes, Patrick Industries has been paying dividends for the last three years.
Currently PATK's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in November 2022.
Patrick Industries's last dividend ex-date was on Aug 26, 2022. The dividend amount was $0.33 per share.
PATK's annualized dividend per share is $1.32.
The current dividend yield of Patrick Industries is 3.01%.
Patrick Industries has a quarterly dividend frequency.
The dividend payout ratio of Patrick Industries is 8.5%.
Patrick Industries's dividend yield is higher than the Industrials sector average.