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ELKHART, Ind. - Patrick Industries, Inc. (NASDAQ:PATK) announced Friday that its Board of Directors has declared a quarterly cash dividend of $0.40 per share on its common stock.
The dividend will be payable on September 8, 2025, to shareholders of record at the close of business on August 25, 2025, according to a company press release.
Patrick Industries, headquartered in Elkhart, Indiana, describes itself as a component solutions provider serving the RV, Marine, Powersports and Housing markets. The company employs approximately 10,000 people across the United States and houses more than 85 brands.
The company has been in operation since 1959, focusing on manufacturing, design, distribution, and transportation services for its markets.
Patrick Industries trades on the NASDAQ exchange under the ticker symbol PATK. The stock is currently trading near its 52-week high, with InvestingPro analysis indicating overbought conditions. Investors can access 10+ additional exclusive ProTips and comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Patrick Industries reported its second-quarter 2025 earnings, revealing an adjusted earnings per share (EPS) of $1.50, which surpassed analysts’ forecast of $1.40. This represents a 7.14% earnings surprise for the company. Additionally, Patrick Industries posted revenue of $1.05 billion, exceeding expectations by 1.94%. Following these results, BMO Capital raised its price target for Patrick Industries to $110 from $100, while maintaining an Outperform rating. BMO Capital noted that the earnings were slightly better than expected, with guidance largely unchanged except for assumptions related to the recreational vehicle industry. These developments highlight recent positive financial performance and analyst confidence in the company’s future prospects.
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