Patrick Industries, Inc. Announces Increase to Regular Quarterly Cash Dividend and Replenished Share Repurchase Authorization
Key Highlights
- ➤Quarterly dividend raised to $0.52 per share from $0.47
- ➤$200.0 million share repurchase authorization replenished for 24 months
- ➤Patrick deployed $106.1 million on share repurchases in first nine months of 2026
- ➤Share repurchases currently restricted under pending all-stock LCI Industries merger agreement
Expert Statements
Andy Nemeth, Chief Executive Officer of Patrick Industries
“The increase in our quarterly dividend and renewed share repurchase authorization are grounded in the performance of Patrick's business today: our disciplined capital allocation strategy, the cash our business generates, and our solid balance sheet.”
Andy Nemeth, Chief Executive Officer of Patrick Industries
“Since initiating our quarterly dividend in 2019, we have raised it each year and have been active with share repurchases, deploying $106.1 million in the first nine months of 2026.”
Andy Nemeth, Chief Executive Officer of Patrick Industries
“In addition to returning capital to shareholders, our cash generation through the cycle enables investment in our business through organic initiatives and strategic M&A, which we expect to remain a priority.”
Andy Nemeth, Chief Executive Officer of Patrick Industries
“Our commitment to Patrick's shareholders remains steadfast, and the dividend increase and renewed authorization reflect our continued confidence in the long-term earnings power of the business.”
Patrick Industries, Inc. Announces Increase to Regular Quarterly Cash Dividend and Replenished Share Repurchase Authorization PR Newswire
ELKHART, Ind., Nov. 13, 2026 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), today announced that on November 11, 2026, its Board of Directors (the "Board") approved an increase in the amount of its quarterly cash dividend on its common stock to $0.52 per share from $0.47 per share. The dividend is payable on December 7, 2026, to shareholders of record at the close of business on November 23, 2026. Additionally, the Board authorized a replenishment to the amount of the Company's common stock that may be acquired over the next 24 months under the current stock repurchase program to $200.0 million, including the $61.9 million remaining under the previous authorization.
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