Patrick Industries Inc.’s Board of Directors approved an increase in its quarterly cash dividend.
The dividend will be 60 cents per share, compared with the previous 55 cents per share, an 11% increase.
The dividend is payable Dec. 9 to shareholders of record at the close of business Nov. 25.
Patrick Industries has about 22.4 million shares outstanding, according to Yahoo Finance. The dividend payment will return about $13.44 million to shareholders.
Patrick Industries last increased the company’s dividend in November 2023.
