Patrick Industries's most recent quarterly dividend was on Nov 25, 2022 (ex-date) with a cash dividend payment of $0.45 per share. On an annualized basis, the company has a current payout of $1.44 per share. This brings the dividend yield to 2.1% based on its recent close price. The latest dividend marks an increase of $0.12, or 36% from the previous payment.
PATK has a dividend yield of 2.1% which is higher than the Industrials sector, the industry and its peers average. In comparison with the Industrials sector average of 1.45%, Patrick Industries's dividend yield is 45% 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 23% for the last year. And since the stock price has gone up by 8% from a year ago, the dividend yield marks an increase of 14%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 9.2% which is lower than the Industrials sector, the industry and its peers average. In comparison with the Industrials sector average of 27.4%, Patrick Industries's payout ratio is 66% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| MAS Masco Corp | 2.19% | $1.12 | 30.4% |
| PATK Patrick Industries Inc | 2.1% | $1.44 | 9.2% |
| THO Thor Industries Inc | 1.9% | $1.76 | 9.3% |
| FBHS Fortune Brands Home & Security Inc | 1.81% | $1.12 | 19.6% |
| WGO Winnebago Industries Inc | 1.43% | $0.9 | 8.2% |
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 February 2023.
Patrick Industries's last dividend ex-date was on Nov 25, 2022. The dividend amount was $0.45 per share.
PATK's annualized dividend per share is $1.44.
The current dividend yield of Patrick Industries is 2.1%.
Patrick Industries has a quarterly dividend frequency.
The dividend payout ratio of Patrick Industries is 9.2%.
Patrick Industries's dividend yield is higher than the Industrials sector average.